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.


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

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Demographic Statistics

Proximity: 5 miles
Total Population: 14,023
Median Age: 41.74
Households: 5,415


Photograph of Listing Agent

Corven Flynn

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