48 Boscawen St Winchester, VA 22601-4739
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.
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Trusty Insurance LLC Insurance Agency
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Winchester Office Big Box & Wholesale Store Building Supply
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Unimin Corporation Building Supply
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B1 · Winchester, VAWinchester. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.