39.15492 -78.18641

2640 VALLEY AVE Winchester, VA 22601

240672605 39.15492 -78.18641 230 /listing/240672605-150474780/2640-valley-ave-winchester-va-22601 False 0 2650000.0 30000 101 VAWI112586 False
  • $2,650,000
  • 30,000 sqft
  • 1.61 lot
  • Est payment $14225.77/mo

Property & Neighborhood Info

Courtesy Of Greenfield & Craun Commercial

Commercial in WINCHESTER

Whale of An Investment Opportunity! 20 meticulous and spacious 1-bedroom apartment units PLUS 15,000 SF of retail on busy Valley Avenue, Winchester. Almost all units have recently been renovated top to bottom with new vinyl flooring, paint, appliances, cabinets, stackable washer/dryers, plumbing, light fixtures, new windows, and 15 have new HVAC units! This all-masonry building is virtually like-new with asbestos remediation completed too. Great tenancy with quality occupants. Very well maintained with pride of ownership that includes security cameras and bright exterior and interior lighting throughout. Dedicated parking for tenants. Lifetime roof warranty to convey. Commercial square footage includes 3000 SF leased to long term tenant . Contingent lease of approximately 5,400 SF beginning in February 2020. This lease is subject to final approval of a conditional use permit byt the City of Winchester. Owner will provide a lease or a guarantee of income for the remaining space for 2 years which would provide cash flow until the vacant space of approximately 6,000 SF is leased by a permanent tenant. This would provide for a 100% occupied and leased property! Vacated square footage ideal for single tenant re-let or multi-tenant re-letting; potential tenants could include fitness facility, physical therapy clinic, modern laundromat, or re-purposed into temp- controlled mini storage by owner/operator. Zoned B2 for a variety of retail, service or professional office use. Lease space marketed for $8 PSF NNN. Grandfathered, over-size signage on Valley Ave for multiple businesses. Excellent storefront parking and window display. Fully sprinkled in commercial space. 480 vt/3 phase electric. One roll up, on-grade door with staging area. Clear span for maximum open concept or reconfiguration. Exceptional maintenance history. Potential Gross Annual Income at Full Occupancy Exceeding $326K. List price $2,650,000.00.

Courtesy Of Greenfield & Craun Commercial
  1. 30,000 Sq. Ft.
  2. 1.61 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1962
  • Garage: 77.0
  • School District: WINCHESTER CITY PUBLIC SCHOOLS
  • County: WINCHESTER CITY
  • Taxes: $18,400.00
  • Tax Year: 2018
  • Units: 20
  • MLS Number:VAWI112586

Additional Features

  • Air Conditioning:
    • Yes
  • Cooling:
    • Central A/C
  • Cooling Fuel:
    • Electric
  • Water Heater:
    • Electric
  • Building Area Source:
    • Assessor
  • Building Square Feet:
    • 30000.00
  • Business Type:
    • Apartment Building
  • New Construction:
    • No
  • Roof:
    • Metal
  • Water Source:
    • Public
  • Door Height:
    • 12' to 15'
  • Clear Span:
    • 12' to 15'
  • Faces:
    • West
  • Waterfront:
    • No
  • Heating:
    • Forced Air
  • Heating Fuel:
    • Electric
  • Sewer:
    • Public Sewer
  • Utilities:
    • Under Ground
  • Security Features:
    • 24 hour security
    • Exterior Cameras
    • Security System
    • Surveillance Sys
  • Accessibility Features:
    • 2+ Access Exits
  • Water Access:
    • No
  • List Type (Exclusive):
    • Exclusive Agency
  • Rental Features:
    • No
  • Assessment Year:
    • 2018
  • MLSSystem ID:
    • BRIGHT
  • Possession:
    • Settlement
  • Price Per SQFT:
    • 88.33
  • Total Parking Spaces:
    • 77
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
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Sandra Brookman (Strickler) Crystal Elliott
Sandra Brookman (Strickler) Crystal Elliott
Associate
235 South Street Front Royal VA 22630
39.15492 -78.18641

2640 VALLEY AVE Winchester, VA 22601

240672605 39.15492 -78.18641 230 /listing/240672605-150474780/2640-valley-ave-winchester-va-22601 False 0 2650000.0 30000 101 VAWI112586 False
  • $2,650,000
  • 30,000 sqft
  • 1.61 lot
  • Est payment $14225.77/mo