109 S Kent St Winchester, VA 22601

Building Details

Year Built

1900

Listing agency COMMERCIAL SPECIALISTS j***@svn.com Show Phone

Listed by JOHN CHRISTIAN DAVIS FOX · License ##0225274688

Source Corcoran

Added: Apr 2, 2025 Updated: Jul 10 at 3:47PM Checked: Jul 21 at 5:52AM

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Investment Insights

Based on property information with market context.

The two-story mixed-use building is currently leased to one tenant for commercial use. The current NOI is $21,178, representing an 8.5% CAP rate. The property is located two blocks from the Winchester Downtown Walking Mall and one block from the Government and Judicial Center. B1 zoning allows residential over commercial as a by-right use. The current tenant's lease extends through June 2026. The property may be well-suited for multifamily residential use. Full bathrooms on each floor make this a candidate for a quick "fix and flip" project. The highest and best use for this property is Residential on both floors, which requires a Conditional Use Permit.

Key Highlights

• Boasting an 8.5% CAP rate based on the current $21,178 NOI.
• Prime location: just two blocks from Winchester Downtown Walking Mall and one block from the Government and Judicial Center.
• B1 zoning allows residential over commercial 'by right'.

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FAQs

What type of property is this?

Mixed-use property - Two-story mixed-use building near Winchester Downtown Walking Mall.

Where is this mixed-use property located?

The property is located at 109 S Kent St Winchester, VA.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: Boasting an **8.5% CAP rate** based on the current $21,178 NOI.; Prime location: just two blocks from Winchester Downtown Walking Mall and one block from the Government and Judicial Center.; B1 zoning allows residential over commercial 'by right'.