Retail Business Center
Retail-Commercial
for Sale
| Catylist Listing ID: |
30298777 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Street Retail, Vehicle Related, Other
|
| Building Size (RSF): |
9,067 SF
|
| Gross Land Area: |
1.17 Acres
|
| Sale Price: |
$399,900 |
| Unit Price: |
$44.10 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Village Station |
| Usable Size (USF): |
9,067 SF |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
12.0% |
| Last Updated: |
5/24/2023 |
Overview / Comments
The property consists of 4 separate buildings. The main building has over 6000 sq. ft. Currently with 12 separate tenants with short term leases. 2 spaces are vacant providing an opportunity for an owner/occupier and additional rental income.
The current monthly rental income is $4177. Owner financing available (3-to-5-year balloon) with 20% down at 6% interest. Owner/Agent.
|
Financials
| Finance Data Year |
2018 |
| Real Estate Taxes - Annual($) |
$3,040 (Annual) |
| Assessed Value - Total($) |
$330,500 (Annual) |
| Potential Rental Income |
$60,000 (Annual) |
Additional Details
| Nearest MSA: |
Charlottesville |
| County: |
Fluvanna |
| Taxing Authority: |
Fluvanna |
| Tax ID/APN: |
30A-A-42 |
| Zoning: |
B-1 BUSINESS |
| Retail Clientele: |
General, Business |
| Property Located Between: |
Zions X Roads and Fork Union |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
State Route US 53 |
| Site Description: |
Consists of 4 buildings |
| Area Description: |
Located in the heart of Palmyra near Court House and Administration buildings |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
4 |
| Number of Stories: |
2 |
| Property Condition: |
Fair |
| Construction/Siding: |
Block, Vinyl Siding |
| Parking Type: |
Surface |
| Parking Description: |
Front and both sides, potential for more to be developed. |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Wall Units |
| Air Conditioning: |
Window Unit |
| Internet Access: |
DSL |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
DB 954-469, TM 30A-A-42 |
Demographic Statistics
| Proximity: |
5 miles |
| Total Population: |
14,023 |
| Median Age: |
41.74 |
| Households: |
5,415 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Charlottesville Area Association of REALTORS nor
Moody's assume any liability for errors or omissions.
|
