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Fantastic Investment Opportunity! This property features a 10-unit apartment building with an excellent occupancy rate "” 9 units currently leased. The building includes six 2-bedroom units and four 1-bedroom units, offering a steady income stream. Attached to the building is an observation tower currently leased as a cell tower, providing additional revenue. The Recreation Center on site is in need of renovation but offers tremendous potential for a variety of uses. The lower level includes a full-size basketball/volleyball court, an Olympic-size indoor 6-lane swimming pool, and men's and women's locker rooms with showers. The main level offers a large studio space ideal for yoga, Pilates, or Tai Chi, along with a dedicated aerobics and weight room. Additional rooms could be used for offices, classrooms, child care, or activity spaces, providing flexibility for future development. At the rear of the facility is a 7,800 sq ft area that formerly operated as a 10-lane bowling alley, currently covered and used as a play area and inflatable bounce zone "” the original bowling equipment remains on site. While updates are needed, the location and potential are outstanding. Strasburg continues to experience strong growth, and the property's convenient access to I-81 and I-66 adds to its appeal. Owner financing may be considered.
| DAYS ON MARKET | 10 | LAST UPDATED | 10/30/2025 |
|---|---|---|---|
| YEAR BUILT | 1998 | COUNTY | SHENANDOAH |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | SHENANDOAH COUNTY PUBLIC SCHOOLS |
|---|---|
| Elementary School | SANDY HOOK |
| Jr. High School | SIGNAL KNOB |
| High School | STRASBURG |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| CONSTRUCTION | Metal Siding, Vinyl Siding |
| HEAT | Forced Air, Heat Pump, Natural Gas |
| LOT | 4.28 acre(s) |
| LOT DESCRIPTION | Cleared |
| PARKING | Paved, Parking Lot |
| SEWER | Public Sewer |
| TAXES | 23444 |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| WATER | Public |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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