Two-Tenant Storefront
New
For Sale
$1,200,000
49-51 E Lee St., Warrenton, VA 20186
Fully leased condominium building with separately metered units and longer-term leases.
Property Size6,200 SF
Price / SF$193.55
Days on Market2
Property Features for 49-51 E Lee St.
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Multi-tenant Investment Opportunity
Occupancy
100%
Additional Details
Cap Rate
7.7%
Building Details
Building Size
6,200 SF
Year Built
1919
Buildings
1
Tenancy
Multi
Listing Agency:
Cres Inc Commercial Real Estate Services
Listed By:
Bill Chipman
(540) 878-1211
Source:
Cresinc
Added: Sep 12
Last Checked: Sep 13 at 5:31AM
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 Cres Inc Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This 6,200 SF storefront property is configured as a condominium with two separately metered units and a single shared party wall. The layout provides distinct spaces for two tenants while limiting shared exterior maintenance responsibilities. Both units are occupied under longer-term leases that include fixed 3% annual rent escalations.
Positioned on E. Lee Street in Warrenton, the property has street-facing signage and a visible commercial presence. The investment is fully leased and carries a 7.7% cap rate in place. Separate metering supports clear expense allocation between the two units, while the condominium structure maintains distinct occupancy within one building.
Positioned on E. Lee Street in Warrenton, the property has street-facing signage and a visible commercial presence. The investment is fully leased and carries a 7.7% cap rate in place. Separate metering supports clear expense allocation between the two units, while the condominium structure maintains distinct occupancy within one building.
Key Highlights
- 6,200 SF storefront condominium building
- Two separately metered tenant units
- Both tenants occupy longer‑term leases
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20186, VA
15,171
Population
6,114
Households
2.5
Avg Household Size
43
Median Age
44%
College-Educated
93%
High-School Grad
58.7 sq mi
ZIP Area
258
Density / Sq Mi
$100,813
Median Household Income
$50,533
Median Earnings
$1,541
Median Rent
$485,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bits and Bridal — Waterloo Station Shopping Center, 346 Waterloo St, Warrenton, VA 20186
Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased condominium building with separately metered units and longer-term leases.
Where is this storefront property located?
The property is located at 49-51 E Lee St. Warrenton, VA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,200 SF storefront condominium building; Two separately metered tenant units; Both tenants occupy longer‑term leases
