103 Washington St, Madison, VA 22727
- Mixed-use properties
- 0.64 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 103 Washington St
- Year built
- 1960
- Lot size
- 0.64 lot acres
- Property type
- Mixed-use properties
Description
This exceptional investment opportunity presents a unique portfolio of four income-generating buildings situated on a 0.64-acre lot in the vibrant town of Madison, Virginia. The property boasts a diverse tenant mix, including a thriving restaurant, a well-established hair salon, and a reputable auto mechanic shop, ensuring consistent cash flow. In addition to the commercial spaces, the property also includes a two-story residential building featuring two apartments and a single-family home, all currently leased. This diversified portfolio provides a robust and resilient income stream, with a reported annual gross income of $100,000. The property's location in Madison offers excellent visibility and accessibility, attracting a steady stream of customers for the commercial tenants and providing a desirable living environment for the residential occupants. This turnkey investment is ideal for an experienced investor seeking a stable and high-yielding portfolio with significant upside potential. The property is offered at $1,300,000, representing a compelling opportunity to acquire a well-established and profitable multi-use property in a thriving Virginia market. The square footage of each building is not currently available, but the total annual income provides a strong indicator of the property's value and potential. This is a rare chance to acquire a diverse and established income-producing property in a desirable location. Serious inquiries only.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Virginia
- Longitude
- -78.25573
- Latitude
- 38.3821
