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    FOR SALE
    Retail space

    8414 W Main St, Marshall, VA 20115

    5,190 SF 0.58 ac lot Built 1929
    Individually Owned 16-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US87-3937543
    Property summary
    AI-generated overview

    This 5,700 square foot commercial property located at 8414 W Main Street in Marshall, Virginia, presents a unique opportunity. Currently configured as a creative office space, this multi-tenant building sits on a 5.8-acre lot and offers 2,200 square feet of immediately available space. Built in 1929, the building has seen a variety of uses, including a deli, general store, pool hall, and tobacco shop. The property is zoned "Town," allowing for a wide range of uses, including but not limited to: pub, restaurant, retail, office, medical, or wellness center. An additional approximately 2,500 square feet of adjacent back space is available for lease, totaling approximately 4,700 square feet for $3100/month. The landlord is willing to offer rent credits to assist with tenant build-out. The property benefits from its convenient location off I-66 between exits 27 and 28, and recent town improvements including new homes and Main Street enhancements. A new walking path easement provides convenient access from nearby townhouses and new housing developments. Utilities include water, sewer, trash, taxes, and insurance paid by the landlord. The tenant is responsible for electric, internet, cable, and other business services. A long-term lease is preferred, with options for first right of refusal or purchase available. The property is also for sale, subject to existing leases. The building is leased "as is." A CAM payment will be negotiated based on the tenant's utility usage.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1929
    Total area 5,190 SF
    Lot 0.58 ac (25,073 SF)
    Zoning code C1
    APN 6969-58-0236
    UPID US87-3937543
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Vinod K Datta · 16 yrs held
    Vinod K Datta
    since 2009
    3 recorded transactions
    2009
    1969
    1969
    Zoning & alternative use
    C1 · Marshall, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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