1359 Berryville Ave Winchester, VA 22601
Excellent investment opportunity with a long-term tenant in Winchester, VA.
Building Details
- Year built
- 1982
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.
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
Location Insight
- Map
- Local Demand
- City
- Winchester
- County
- Frederick
- State
- Virginia
- Longitude
- -78.1390148
- Latitude
- 39.1840767
Nearby Similar for Sale
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.