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8414 W Main St Marshall, VA 20115

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For Sale
$1,400,000

Income-producing property with commercial and residential units in Marshall, VA.

Lot size:
0.57 Acres

Property Features for 8414 W Main St

General Information

Property type
Commercial
Standard status
Active
Lot size
0.57 Acres

Building Details

Year built
1929

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Listing Contact
Debbie Sue Pomeroy Cloud
Debbie Sue Pomeroy Cloud
Source: Elliman

Listing Agency: GOD & COUNTRY REAL PROPERTIES Listing Agent: Debbie Sue Pomeroy Cloud

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

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Overview

Mixed-Use Investment Opportunity in Marshall

This investment property features a mix of commercial and residential units, offering an income-producing opportunity. The property is 100% occupied and has a 7.7 CAP rate with 4% annual escalations. Located in the charming small town of Marshall, which is experiencing new business development and the addition of over 400 new homes, this property is situated on Main Street between exits 17 and 18 of I66, less than 60 miles from the DC area. The Marshall Town zoning in Northern Piedmont provides options for the property. The property can continue to be leased as an income producer or upgraded to become a destination in Fauquier County's second-largest town. The location benefits from its proximity to horse country, rolling hills, open spaces, wineries, and a quaint small-town atmosphere. Tourists heading to Skyline Drive and commuters returning from Northern Virginia pass by this location. The "Marshall Town" (M-T) zoning combines commercial with residential to create a "downtown" environment. The building has 5422 square feet on an approximately 0.58-acre lot. A new 10-foot walking path along the western property line provides access to Main Street for the new homes, enhancing the property's prime location. The retail front commercial space is approximately 2200 square feet, with back units providing approximately 3000 square feet for storage, offices, and staff space. The remaining square footage consists of historically residential apartments with annual leases. The current zoning allows for commercial space and residential units. The store tenant is now retail and commercial kitchen, with the goal to be open before March 2026. The tenant pays a portion of electricity as a CAM payment monthly with trash & WSA. Residential Tenants pay metered electricity and communication expenses. The Landlord's expenses are water/sewer, trash, taxes, & insurance. The property is sold "AS IS" and subject to all residential and commercial leases.
Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

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  • Local Demand
City
Marshall
County
Fauquier
State
Virginia
Longitude
-77.8603908
Latitude
38.8637236

FAQs

What type of property is this?
Mixed-use property - Income-producing property with commercial and residential units in Marshall, VA.
Where is this mixed-use property located?
The property is located at 8414 W Main St Marshall, VA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: - Income-producing property with 6 units (commercial & residential) and 100% occupancy.; - Excellent location on Main Street between two I-66 exits, less than 60 miles from DC.; - High 7.7% CAP rate with 4% annual escalations.
More about this property
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