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Property profile & analytics
OFF-MARKET Estimated value $790,000
Commercial real estate

48 Boscawen St Winchester, VA 22601-4739

6,590 SF 0.08 ac lot Built 1927
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-3788379
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1927
Construction FRAME
Total area 6,590 SF
Lot 0.08 ac (3,302 SF)
Zoning code B1
APN 193-01-A- 4-
UPID US87-3788379
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Trusty Insurance LLC Insurance Agency
  • Winchester Office Big Box & Wholesale Store Building Supply
  • Unimin Corporation Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$737k
Blend (final) Blend
$790k
Owner & transaction history
Cohiba LLC · 17 yrs held
Cohiba LLC
since 2008
3 recorded transactions
2018
Price N/A
2008
$1.0M
2006
Price N/A
Zoning & alternative use
B1 · Winchester, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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