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53 E Lee St Warrenton, VA 20186

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For Sale
$710,000

Mixed-use property in Old Town Warrenton with income potential.

Lot size:
0.07 Acres

Property Features for 53 E Lee St

General Information

Lot size
0.07 Acres

Building Details

Year built
1919

Source: Cres, Inc. Agent Albert William Chipman III

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Property in Old Town

This mixed-use property is located in the heart of Old Town Warrenton. The top floor features a newly renovated photography studio operating under a 3-year lease, providing immediate rental income. The ground floor retail space is vacant and ready for occupancy, offering an opportunity for an owner-user to establish their business in a prime, walkable location. The property is positioned on a prominent corner with dual entrances. The property may suit investors seeking income stability or owner-operators looking to offset costs with rental revenue. With both units leased, the property has the potential to generate a cap rate of over 10%, making it a compelling cash-flowing asset. Owner financing or lease-to-own options may be considered.
Insight Report Location Intelligence

Current Use by Public Records

Mastercraft Design Center Cabinet Store Advanced IT Services ... Computer Consultant

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Warrenton
County
Fauquier
State
Virginia
Longitude
-77.7948979
Latitude
38.7121982

FAQs

What type of property is this?
Mixed-use property - Mixed-use property in Old Town Warrenton with income potential.
Where is this mixed-use property located?
The property is located at 53 E Lee St Warrenton, VA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: - Potential for over 10% cap rate as a cash-flowing asset.; - Prime, walkable location in the heart of Old Town Warrenton.; - Newly renovated photography studio on the top floor with a 3-year lease provides immediate rental income.
More about this property
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