Property profile

120 21st St Purcellville, VA 20132

OFF-MARKET
Retail space
Property ID
US87-3536972
1,921 SF 0.1 ac lot Built 1930
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,921 square foot retail property, located at 120 N 21st Street in the heart of historic Purcellville, Virginia, presents a unique investment opportunity. Situated on a 0.1-acre lot, this charming storefront boasts an enviable location, just steps from popular attractions including Catoctin Creek Distillery, the historic Train Station, and the W&O Trail, ensuring high foot traffic and excellent visibility. The property features original tin ceilings, adding to its unique character and appeal. A significant advantage is the inclusion of a spacious walk-in cooler, ideal for various retail businesses. Large display windows maximize natural light and provide excellent opportunities for showcasing merchandise. Convenient rear parking is available for both owners and deliveries, addressing a common concern in downtown locations. The flexible floor plan allows for easy division into two separate units, each with access to shared facilities, providing potential for multiple income streams or expansion opportunities. Note that the existing wholesale inventory of rugs is sold separately. This property offers a blend of historic charm and modern convenience, making it an ideal location for a variety of retail ventures. The asking price is $750,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,921 SF
Lot 0.1 ac (4,356 SF)
Zoning code PV:C4
APN 488-37-5745-000
UPID US87-3536972

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Location

120 21st St Purcellville, VA 20132-5609
Purcellville metro Census 610702 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
$505k
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k

Owner & transaction history

since 2021
Last sale
$525,000
4 recorded transactions
2021
$525,000
2019
$414,000
2005
Price N/A
2004
$525,000

Zoning & alternative use

PV:C4 · Purcellville, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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