348-354 King St Strasburg, VA 22641
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
4 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
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