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    OFF-MARKET
    Commercial real estate

    18 Old Ml Rd, Washington, VA 22747

    3.95 ac lot Built 1790
    Property ID
    Property summary
    AI-generated overview

    This exceptional 18th-century grist mill, situated on nearly four acres in the charming, historic village of Little Washington, Virginia, presents a unique commercial opportunity. The property boasts a remarkably well-preserved structure, showcasing stunning stonework and a spacious interior. Previous owners have invested significant resources in preparing the mill for adaptive reuse, developing preliminary concepts and plans for various commercial applications. The property's layout offers flexibility. The western portion of the land is well-suited for new construction, providing ample space for parking and a convenient entrance. The eastern portion features the renovated mill building itself, along with attractive outdoor areas ideal for various uses. The picturesque riverfront setting, complete with nearby stone outcroppings, creates a captivating backdrop for events or gatherings. The mill's solid structure and expansive interior offer considerable potential for a variety of commercial ventures. This is a rare opportunity to acquire a piece of history with significant commercial development potential in a highly desirable location. The property is listed at $1,000,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1790
    Lot 3.95 ac (172,062 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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