205 Jarratt Ave Jarratt, VA 23867
- Land
- 9,600 SF
Current Use by Public Records
- Push Faith House / Homeless Shelter
- ALW Healthcare Training / Training Centre
- Jarrett Medical Center / Medical Clinic
Property Details for 205 Jarratt Ave
- Property size
- 9,600 SF
- Property type
- Land
Description
This 9,600 square foot commercial land parcel at 205 Jarratt Ave., Jarratt, VA 23867, is offered at $394,900. The property currently features three leased commercial spaces on the lower level: one occupied by a nurse educator, one by a beauty/cosmetology school, and one serving as a community shelter. Upstairs, four one-bedroom apartments, each with a large living room, kitchen, and full bathroom, provide residential income. Two apartments are currently leased, with a waiting list for the remaining two. One additional commercial space is available, currently occupied by the on-site building manager. The property is being sold AS-IS. This mixed-use property offers immediate income generation, situated on a high-traffic road near I-95, presenting a strong investment opportunity. Consider this property for 1031 exchange funds. The property's location and existing tenant base provide a guaranteed income stream upon purchase.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jarratt
- County
- Sussex
- State
- Virginia
- Longitude
- -77.4687
- Latitude
- 36.8143
