140 20Th St Purcellville, VA 20132
- Commercial real estate
- 3,372 SF
- 0.25 lot acres
Current Use by Public Records
- Executive Cleaners Purcellville / (Bike/Boat/Book/etc) Store
Property Details for 140 20Th St
- Year built
- 1947
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.25 lot acres
- Property size
- 3,372 SF
- Zone code
- PV:C4
- Property type
- Commercial real estate
- APN
- 488-27-9695-000
- APU
- 488279695000
Description
This exceptional Purcellville, VA retail property presents a unique investment opportunity. The offering encompasses a 4,000 square foot, two-story building situated on a sizable 0.63-acre lot, including ample parking. The property currently houses a thriving dry-cleaning business, operating successfully at this location for over 83 years, offering a strong existing income stream. The sale price includes both the building and the established business, although the business may be sold separately. The property's strategic location within Purcellville's town limits is a significant advantage, offering high visibility and accessibility. Adding to its versatility, the property includes two additional lots: a 0.25-acre parcel zoned C-4, allowing for a wide range of commercial uses, and a 0.38-acre parcel zoned R-3, suitable for the development of duplex residential units. The building itself features two upstairs rooms with a shower, providing potential for additional office space or storage. This combination of established business, prime location, and flexible zoning makes this a rare and compelling investment prospect in the rapidly growing Loudoun County market. Owner financing may be available, subject to applicable finance fees.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $390,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $700,000
- 6.5%
- $645,000
- 7%
- $600,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $709,000
- AI Estimate
- $372,000
Market price range: $710k - $1.22MMarket price range: $245k - $862k
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Location Insight
- Map
- Local Demand
- City
- Purcellville
- County
- Loudoun
- State
- Virginia
- Longitude
- -77.7137
- Latitude
- 39.1359
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA