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    48 Boscawen St Winchester, VA 22601

    Sponsored
    For Sale
    $1,630,000

    Downtown gem, 9,200 SF, investment opportunity.

    Property size:
    9,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, located at 48 W Boscawen in the heart of historic Old Town Winchester, Virginia, presents a unique investment opportunity. The building boasts a total of 9,200 square feet situated on a substantial 3.291-acre lot. The first and second floors have undergone a complete renovation, offering modern, move-in ready spaces. Currently, approximately 1,000 square feet is leased to a long-term tenant, providing immediate income. The remaining space is vacant, allowing for customization to suit a variety of needs. The third floor presents a blank canvas, ripe for development and offering potential for residential conversion. The building's location within an Enterprise Zone provides access to grant incentives, and historical tax credits are available for the renovation of the third floor. The property features all-new HVAC systems in the finished spaces, new paint, and new flooring in select areas. It's also ethernet-ready and has fiber access. The building's versatility allows for a mix of retail, office, and residential uses, making it ideal for both end-users and investors. Its prime location, just one block from the Braddock Street Parking Garage and the historical Walking Mall, ensures high visibility and accessibility. This is a rare opportunity to acquire a significant piece of Winchester's history and capitalize on its vibrant downtown.

    Property Features for 48 Boscawen St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    9,200 SF
    Lot Size
    143,355,960 SF

    Building Details

    Year Built
    1927
    Property Profile Location Intelligence

    Current Use by Public Records

    Trusty Insurance LLC Insurance Agency Winchester Office Building Materials Market Unimin Corporation Stone Supplier

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Winchester City
    State
    Virginia
    Longitude
    -78.16692
    Latitude
    39.18457

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    FAQs

    What type of property is this?
    Mixed-use property - Downtown gem, 9,200 SF, investment opportunity.
    Where is this mixed-use property located?
    The property is located at 48 Boscawen St Winchester, VA.
    What is the asking price?
    The asking price for this property is $1,630,000.
    (540) 662-9937
    Request Owner's contact information
    48 Boscawen St Winchester, VA 22601
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    Winchester, VA 22601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    48 Boscawen St Winchester, VA 22601
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