509 Spotswood Trl Elkton, VA 22827
- Commercial real estate
- 0.29 lot acres
Current Use by Public Records
- Knight's Towing & Recovery / Towing Service
Property Details for 509 Spotswood Trl
- Lot size
- 0.29 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a mixed-use property located at 509 W Spotswood Trail in Elkton, Virginia, 22827. The asking price is $325,000. The property encompasses a 0.29-acre lot and features a successful ground-floor retail space currently operating as an antique/thrift store. This retail space benefits from excellent visibility and ample parking, making it an attractive location for businesses. It's important to note that the first floor currently lacks HVAC service. Above the retail space, a substantial 1265 square foot residential apartment provides additional income potential or owner occupancy. This apartment includes three bedrooms, one full bathroom, a kitchen, dining area, and an office. Access to the apartment is available both from inside the building and externally. The property's strategic location on four town lots offers significant potential for future development or expansion. The combination of a thriving retail space and a spacious apartment makes this a versatile and promising investment in a desirable location. This property is situated in Rockingham County, Virginia, offering a unique blend of commercial and residential opportunities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elkton
- County
- Rockingham
- State
- Virginia
- Longitude
- -78.6274874
- Latitude
- 38.4080142
