8414 Main St Marshall, VA 20115
- Retail space
- 5,190 SF
- 0.58 lot acres
Current Use by Public Records
- Retail space
Property Details for 8414 Main St
- Year built
- 1929
- Lot size
- 0.58 lot acres
- Property size
- 5,190 SF
- Zone code
- C1
- Property type
- Retail space
- APN
- 6969-58-0236
- APU
- 6969580236
Description
This 5,700 square foot commercial property located at 8414 W Main Street in Marshall, Virginia, presents a unique opportunity. Currently configured as a creative office space, this multi-tenant building sits on a 5.8-acre lot and offers 2,200 square feet of immediately available space. Built in 1929, the building has seen a variety of uses, including a deli, general store, pool hall, and tobacco shop. The property is zoned "Town," allowing for a wide range of uses, including but not limited to: pub, restaurant, retail, office, medical, or wellness center. An additional approximately 2,500 square feet of adjacent back space is available for lease, totaling approximately 4,700 square feet for $3100/month. The landlord is willing to offer rent credits to assist with tenant build-out. The property benefits from its convenient location off I-66 between exits 27 and 28, and recent town improvements including new homes and Main Street enhancements. A new walking path easement provides convenient access from nearby townhouses and new housing developments. Utilities include water, sewer, trash, taxes, and insurance paid by the landlord. The tenant is responsible for electric, internet, cable, and other business services. A long-term lease is preferred, with options for first right of refusal or purchase available. The property is also for sale, subject to existing leases. The building is leased "as is." A CAM payment will be negotiated based on the tenant's utility usage.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $220,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $250,000
- 6.5%
- $250,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $235,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $230,000
- Retail
- $215,000
- Mixed-Use
- $235,000
- Hospitality
- $205,000
- Educational
- $205,000
- Residential Income
- $210,000
- Energy
- $245,000
- Income-Based Land
- $260,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Marshall
- County
- Fauquier
- State
- Virginia
- Longitude
- -77.8605
- Latitude
- 38.8639
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA