8414 Main StMarshall, VA 20115

This exceptional mixed-use property in Marshall, Virginia, presents a compelling investment opportunity. Located on a 0.58-acre lot at 8414 W Main St, this 5,400 square foot building boasts a prime location near I-66 (Exits 17 & 18), less than 60 miles from Washington, D.C. The property features flexible "Marshall Town" (M-T) zoning, allowing for diverse development options. Currently generating income from a mix of retail and residential tenants, the property offers immediate returns. The approximately 2,200 square foot retail space is currently leased, with an additional approximately 3,000 square feet of historically commercial space available for lease or redevelopment. Six residential units, leased annually, provide further income streams; one unit has recently undergone renovations and is ready for immediate occupancy. The property includes 26 parking spaces and benefits from a new 10-foot walking path easement. Built in 1929 and renovated in 2010, this two-story building offers a 7.16% cap rate with a current NOI of $100,176. The asking price is $1,400,000, representing a price per square foot of $259.26 and a price per unit of $233,333.33. The current lease agreements are modified net leases with a multi-tenant occupancy of 70%, and the primary lease expires January 25, 2025. This property is being sold "as is" and is subject to existing leases. This is an ideal opportunity for investors seeking strong returns in a thriving small town.