Two-Story Freestanding Retail
14891 Washington Street Haymarket, VA 20169
14891 Washington Street, Haymarket, VA, 20169
$950,000
For Sale
$950,000
Two-story freestanding corner retail building in the B-1 Town Center District.
Property Size2,723 SF
Lot Size0.61 Acres
Price / SF$348.88
Days on Market479
Property Features for 14891 Washington Street
General Information
- Standard status
- Active
- Size
- 2,723 SF
- Lot size
- 0.61 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency
LPT Realty,LLC
Listed by
Howard J Swede
Source
Deepcreeklake
Added: Mar 29, 2025 Updated: Jul 10 at 3:59 pm Checked: Jul 19 at 6:38 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty,LLC
Investment Insights
Based on property information with market context.
The property is a freestanding retail building totaling 2,723 square feet across two stories, positioned on a 0.61-acre corner lot. It offers an owner-user or investor configuration with flexibility for multiple commercial uses, supported by the site’s B-1 Town Center District designation.
Located at the intersection of Madison St and Washington St in Haymarket’s historic downtown, the building benefits from corner exposure at a street intersection. The listing describes a surrounding mix of local shops, restaurants, and commercial and residential developments, contributing to a walkable daytime environment.
Zoned to support retail, office, medical, QSR, and personal services, the space can accommodate a variety of storefront and service-oriented concepts, including retail shops such as antique, gift, or jewelry uses, as well as office and medical applications. For tenants or owner-occupants, the two-story configuration supports both customer-facing retail and related service needs within a downtown core. For investors, the zoning breadth provides continued flexibility for leasing options aligned with retail and professional services.
Located at the intersection of Madison St and Washington St in Haymarket’s historic downtown, the building benefits from corner exposure at a street intersection. The listing describes a surrounding mix of local shops, restaurants, and commercial and residential developments, contributing to a walkable daytime environment.
Zoned to support retail, office, medical, QSR, and personal services, the space can accommodate a variety of storefront and service-oriented concepts, including retail shops such as antique, gift, or jewelry uses, as well as office and medical applications. For tenants or owner-occupants, the two-story configuration supports both customer-facing retail and related service needs within a downtown core. For investors, the zoning breadth provides continued flexibility for leasing options aligned with retail and professional services.
Key Highlights
- 2,723 sq ft two‑story freestanding retail building on a .61‑acre corner lot at Madison St & Washington St in Haymarket’s historic downtown
- Zoned B‑1 Town Center District with allowed uses including retail, office, medical, QSR, and personal services
- B‑1 Town Center District zoning supports a range of tenant types such as retail shops, offices, and owner‑occupancy
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.8k | $28.20 |
| − Vacancy | −$2.2k | −$0.79 |
| EGI | $74.6k | $27.41 |
| − OpEx | −$22.4k | −$8.22 |
| NOI | $52.2k | $19.19 |
2,723 SF · lease $28.20/SF/yr · vacancy 2.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$746.4K
$653.1K – $870.8K
NOI $52,247 @ 7.0% cap · market cap 5.50%
Second Best
Office B
$686.0K
$600.2K – $800.3K
NOI $48,019 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$799.7K
$699.7K – $933.0K
NOI $55,979 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Upscale Seconds
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Two-story freestanding corner retail building in the B-1 Town Center District.
Where is this storefront property located?
The property is located at 14891 Washington Street Haymarket, VA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,723 sq ft two‑story freestanding retail building on a .61‑acre corner lot at Madison St & Washington St in Haymarket’s historic downtown; Zoned B‑1 Town Center District with allowed uses including retail, office, medical, QSR, and personal services; B‑1 Town Center District zoning supports a range of tenant types such as retail shops, offices, and owner‑occupancy
