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1359 Berryville Ave Winchester, VA 22601

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For Sale
$1,500,000

Excellent investment opportunity with a long-term tenant in Winchester, VA.

Building Details

Year built
1982

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Listing Contact
Gillian Joy Greenfield
Gillian Joy Greenfield
Source: Corcoran

Listing Agency: Coldwell Banker Premier Listing Agent: Gillian Joy Greenfield

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

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Property Insight Report

Overview

Winchester Investment Property Near I-81

This commercial property in Winchester, Virginia, presents an excellent investment opportunity. Strategically located immediately off I-81 at Exit 315, the property benefits from high visibility and accessibility. The property is currently leased with over seven years remaining on the current term, providing stable income. The current net operating income (NOI) is $83,000 per year. A tenant with good credit is in place, responsible for real estate taxes and insurance. The building is in excellent condition and is situated next to a Five Guys restaurant. Previously used as a restaurant, the property still has an intact kitchen. This occupied property is located in Virginia's fastest-growing community, offering an advantageous location and market.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Smoke Up 2 (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

Location Insight

  • Map
  • Local Demand
City
Winchester
County
Frederick
State
Virginia
Longitude
-78.1390148
Latitude
39.1840767

FAQs

What type of property is this?
1031 exchange property - Excellent investment opportunity with a long-term tenant in Winchester, VA.
Where is this 1031 exchange property located?
The property is located at 1359 Berryville Ave Winchester, VA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - Excellent 1031 exchange opportunity.; - Strategic location immediately off I-81, Exit 315.; - Leased property with over seven years remaining on the current term.
More about this property
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