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LOCATION is key. Marshall is a charming small town with new business development and Van Metre's new homes (400+). Excellent Investment Opportunity on Main Street right between two exits on I66 (exit 17&18) less than 60 miles from DC Area. Options abound for this property as Marshall Town zoning in Northern Piedmont. You can continue to lease the property just as it sits as an income producer or make the upgrades to the property as a destination in this 2nd largest town in Fauquier County. Horse country, rolling hills, open spaces, wineries, and quaint small-town living add to the lure of Marshall. There are many possibilities to complement existing businesses. Tourists drive by heading to Skyline Drive or commuters return home from a busy day in Northern Virginia. INVESTMENT OPPORTUNITY as an income-producing property or Owner-Operator with income offset owner business. "Marshall Town" (M-T) zoning is more flexible for Main Street towns combining commercial with residential to create a "downtown" environment. The building is 5422sf on an approx .58 acre lot. The new easement is 10ft walking path along the western property line for the new homes to access Main Street making this property a prime location. The retail front commercial space +/-2200sf with all the back units space for storage, offices and staff space totals +/-3000sf. The remaining square footage is historically residential apartments with annual leases. The current zoning is Marshall Town that combines commercial space (vacant 2200sf), and residential units (tenants with annual leases - 100% occupied). The commercial units are currently on the market for lease. CURRENT Residential & Commercial leasing options: Apt 2 (vacating by 12/1) MLS#VAFQ2014586 & Retail store front +/-2200sf MLS#VAFQ2010950. All other space leased. The store tenant historically been retail and office space. The tenant has paid electricity and a CAM payment monthly (trash & WSA). Residential Tenants pay metered electricity and communication expenses. The Landlord's expenses are water/sewer, trash, taxes, and insurance. The property sold is "AS IS" and subject to all residential and commercial leases.
| DAYS ON MARKET | 5 | LAST UPDATED | 11/18/2024 |
|---|---|---|---|
| TRACT | MARSHALL | YEAR BUILT | 1929 |
| COUNTY | FAUQUIER | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| CONSTRUCTION | Brick, Brick Veneer, Stucco |
| HEAT | Baseboard, Electric |
| LOT | 0.57 acre(s) |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | MARSHALL |
| TAXES | 4563 |
| UTILITIES | Cable Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Street |
| WATER | Public |
| ZONING | Marshall Town |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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