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Property profile

348-354 King St Strasburg, VA 22641

OFF-MARKET
Mixed-use properties
3,843 SF 0.12 ac lot Built 1940
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Property summary

AI-generated overview

This versatile mixed-use property at 348-354 E King Street, Strasburg, VA, offers 3,843 square feet on a 0.12-acre lot. Currently configured as a restaurant on the main level and a five-bedroom, two-bathroom apartment upstairs, it presents numerous possibilities. The ground floor, formerly Jalisco Mexican Restaurant, includes all existing restaurant equipment and contents. Fifteen off-street parking spaces convey with the property, with spaces 8-15 exclusively designated by parking easement. The upstairs apartment, previously occupied by restaurant employees, could be easily converted into two separate rental units—a three-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit—providing significant rental income potential. While no rental history or restaurant income data is available, the prime location in the heart of Strasburg, minutes from I-81, ensures high visibility and accessibility. Detailed information regarding the parking easement is available in the property documents. This property is priced at $330,000 and presents a unique opportunity for investors and entrepreneurs seeking a high-return investment or a combined live/work space. Serious inquiries only.

Property profile

Verified
Property type Mixed-use properties
Year built 1940
Total area 3,843 SF
Lot 0.12 ac (5,227 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

348-354 King St Strasburg, VA 22641
Strasburg metro
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Value estimations

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Owner & transaction history

Comparables

4 recent transactions · within 1.5 mi
Comparable in this city
4 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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