8387 Main St Marshall, VA 20115
- Retail space
- 1,648 SF
- 0.44 lot acres
Current Use by Public Records
- Retail space
Property Details for 8387 Main St
- Lot size
- 0.44 lot acres
- Property size
- 1,648 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 6969-58-5384
Description
This exceptional mixed-use property in Marshall, Virginia presents a unique investment opportunity. Located at 8387 W Main St, this 1,648 square foot building boasts a successful, long-running frame shop established in 1999, enjoying a prominent clientele. The property includes a charming older home with a well-maintained main level currently operating as the frame shop, and a separate one-bedroom apartment above with its own access. An additional cottage offers versatile space, potentially expanding the shop or providing a separate office or retail area. The property sits on a 0.44-acre lot with a large, fenced backyard, multiple sheds, and outbuildings, adding to its historic charm and functionality. The building is zoned M-T and offers a strong NOI of $133,000, resulting in a 15.20% cap rate. The asking price is $875,000, translating to $1 per square foot. This turnkey operation offers immediate income generation and significant growth potential in the thriving Village of Marshall. The property's combination of established business, residential space, and additional outbuildings makes it an attractive investment for both business owners and real estate investors. This is a rare opportunity to acquire a well-established business with a stellar reputation in a prime location.
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
- Marshall
- County
- Fauquier
- State
- Virginia
- Longitude
- -77.85857063
- Latitude
- 38.86435642
