Woodstock, VA 22664,121 N MAIN ST
Woodstock, VA 22664,121 N MAIN ST
Woodstock, VA 22664,121 N MAIN ST
12
$750,000
$775,000
3.2%
Est.Price: ?

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9,938 SqFt

121 N MAIN ST Woodstock, VA 22664

Est. payment /mo
SOLD DATE : 04/14/2023

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Key Details

Sold Price $750,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 9,938 sqft

Price per Sqft $75

MLS Listing ID VASH2003970

Sold Date 04/14/23

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $2,927

Tax Year 2021

Lot Size 0.300 Acres

Acres 0.3

Property Description

Mixed use investment property along Main Street, Downtown Woodstock, VA. Much of the heavy lifting has been done on this project. The exterior detailing on the front of this building is first class and period correct. The property is made up of two commercial leased spaces and 3 fully leased apartments on the second floor, while the third floor is your value add. The space is gutted with new windows, ready to add several apartments for additional income. The property has storage space and an open court yard that could be a great amenity to the project. Off street parking and on street parking are available. Current NOI is estimated at $55,735 or a 7.2% Cap Rate at $775,000! Below market rents and a third floor for expansion makes this a terrific value add opportunity for a savvy investor.

Location

State VA

County Shenandoah

Zoning COMMERCIAL

Interior

Hot Water Electric

Heating Hot Water

Cooling Central A/C

Heat Source Propane - Leased

Exterior

Garage Spaces 6.0

Utilities Available Electric Available, Propane, Sewer Available, Water Available

Water Access N

Roof Type Metal

Accessibility 32\"+ wide Doors, 36\"+ wide Halls, Grab Bars Mod

Total Parking Spaces 6

Garage N

Building

Lot Description Rear Yard

Foundation Other

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Shenandoah County Public Schools

Others

Tax ID 045A2 A 304

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by James A Guisewhite • Commercial Specialists
Bought with Hourieh Z Zamani • Spring Hill Real Estate, LLC.

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Joanna Dieter

Agent | License ID: 665620

+1(410) 949-6855

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