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    230 Boscawen St Winchester, VA 22601

    Sponsored
    For Sale
    $819,000

    Prime Redevelopment Opportunity in Old Town

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7650+ sq ft property at 230 W Boscawen Street, Winchester, VA 22601, presents a unique redevelopment opportunity. Located in the heart of Historic Old Town, this iconic Federal-style building boasts stunning architectural details including wrought iron fencing, cathedral windows, a grand hardwood staircase, and a magnificent master fireplace. The property includes three floors and a substantial outdoor English courtyard, offering versatile potential. Imagine transforming this space into multifamily residences, professional offices, a historical residence, a bed and breakfast, or an events center – the possibilities are endless. The expansive courtyard provides ample space for urban gardening, building expansion, additional parking, or even a pool. This property is ideally situated within walking distance of Old Town amenities and offers off-street parking. Eligible for historical tax credits, this is a chance to restore a piece of Winchester's history while capitalizing on its prime location. Priced at $819,000, this is a legacy project for the discerning investor or developer seeking a truly remarkable undertaking. The property's size and location make it a rare find in the vibrant Winchester market. Don't miss this chance to own a piece of history and create something truly special.

    Property Features for 230 Boscawen St

    General Information

    Property type
    Land

    HighLights

    • $819,000 asking price.
    • 7,650+ square foot, three‑story building on a large lot in historic Old Town Winchester, VA.
    • Potential uses include multifamily, professional office, historical residence, bed and breakfast, or events center.
    • Features include iconic Federal‑style architecture, large courtyard, and off‑street parking.
    • Eligible for historical tax credits.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Lifestyles Mental Health Clinic Holly House Historical Landmark

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Winchester City
    State
    Virginia
    Longitude
    -78.1698256
    Latitude
    39.1852913

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    FAQs

    What type of property is this?
    Land - Prime Redevelopment Opportunity in Old Town
    Where is this land located?
    The property is located at 230 Boscawen St Winchester, VA.
    What is the asking price?
    The asking price for this property is $819,000.
    What are key features of this property?
    This property features: $819,000 asking price.; 7,650+ square foot, three-story building on a large lot in historic Old Town Winchester, VA.; Potential uses include multifamily, professional office, historical residence, bed and breakfast, or events center.
    Request Owner's contact information
    230 Boscawen St Winchester, VA 22601
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    Winchester, VA 22601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    230 Boscawen St Winchester, VA 22601
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