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    48 Boscawen St Winchester, VA 22601

    Sponsored
    For Sale
    $1,630,000

    Prime Old Town location, mixed-use potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a historic building in downtown Winchester, Virginia, just one block from the historical Walking Mall. The property boasts over 9,300 square feet, with the first and second floors completely renovated. The third floor offers significant potential for development, with options including residential conversion (the second floor could also be converted). Currently, approximately 1,000 square feet is leased to a long-term tenant, providing immediate income. The remaining space is vacant and ready for immediate occupancy. The building features brand new HVAC systems in the finished areas, new paint and flooring in select units, and is ethernet and fiber ready. Located in an Enterprise Zone, this property is eligible for grant incentives, and historical tax credits are available for the renovation of the third floor. Its prime location, one block from the Braddock Street Parking Garage, makes it highly attractive to both end-users and investors. This is a rare opportunity to acquire a significant property in a thriving historic district.

    Property Features for 48 Boscawen St

    General Information

    Property type
    Farms

    HighLights

    • $1,630,000 asking price.
    • 9,300+ SF historic building in downtown Winchester, VA.
    • 100% renovated first and second floors, offering retail and office space.
    • Third floor offers potential for residential conversion; eligible for historical tax credits.
    • Approximately 1,000 SF leased to a long‑term tenant, providing immediate income.
    • Located in an Enterprise Zone with grant incentives.
    Property Profile Location Intelligence

    Current Use by Public Records

    Trusty Insurance LLC Insurance Agency Winchester Office Building Materials Market Unimin Corporation Stone Supplier

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -78.1669255
    Latitude
    39.1845585

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    FAQs

    What type of property is this?
    Farm - Prime Old Town location, mixed-use potential
    Where is this farm located?
    The property is located at 48 Boscawen St Winchester, VA.
    What is the asking price?
    The asking price for this property is $1,630,000.
    What are key features of this property?
    This property features: $1,630,000 asking price.; 9,300+ SF historic building in downtown Winchester, VA.; 100% renovated first and second floors, offering retail and office space.
    Request Owner's contact information
    48 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
    48 Boscawen St Winchester, VA 22601
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