33820 Old Valley PikeStrasburg, VA 22657

Property Details for 33820 Old Valley Pike

Year built

2008

Lot size

1.09 AC

Property size (Sq ft)

7,279 SF

Property type

Other commercial real estate

APN

016 A 161

APU

016A161

Description

This 15,682 sq ft, 100% occupied retail center in Strasburg, VA, offers a compelling investment opportunity. Located on Old Valley Pike with high visibility and traffic counts (14,000 VPD), the property benefits from its proximity to I-81 (60,000 VPD). The diverse tenant mix includes Thomas Family Dentistry, Valley Health Urgent Care, Winchester Foot & Ankle, Golden China, Allure Nail Spa, Strasburg Pharmacy, and Castiglias Italian Eatery, operating primarily under NNN leases, minimizing investor expenses. Built in 2008, this fee-simple property sits on a 2.02-acre lot and boasts a strong NOI of $298,386, resulting in a 7.00% cap rate and a price per square foot of $271.84. The asking price is $4,263,000. The property's strategic location near Shenandoah National Park and a dense concentration of quick-service restaurants further enhances its appeal and potential for continued success. The strong consumer base within a 5-mile radius, boasting an average household income of $80,493, supports the property's long-term viability. Lease terms vary. APN: 016 A 160 & 016 A 161.

• Alternative Use

  Use

  Valuation

  Residential

  $1,983,019

  Hospitality

  $1,816,435

  Educational

  $1,511,253

  Medical

  $1,563,227

  Retail

  $2,350,838

Location Insight

City

Strasburg

County

Shenandoah

State

Virginia

Latitude

39.0046

Longitude

-78.3389

Property Tax & Assessments

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