Catylist ID: #30486155
77 Main St.
Retail-Commercial for Sale
|Catylist Listing ID:||30486155|
|Property Subtypes:||Convenience Store, Mixed Use, Retail-Pad, Other|
|Building Size (RSF):||5,940 SF|
|Gross Land Area:||0.33 - 0.38 Acres|
|Unit Price:||$64.81 PSF|
|Property Use Type:||Investment, Business|
|Building Name:||77 Main St. & Ford Ave - Standardsville, VA|
|Usable Size (USF):||5,940 SF|
|Sale Terms:||Cash to Seller|
Overview / Comments
Investment Opportunity For Sale - Two retail buildings for sale includes one (1) 5000 SF building with 1 large garage with bay door and one (1) 940 SF building; 1 adjoining paved parking lot with approximately 25 spaces.
Total 5940 SF is currently divided into 3 separate retail spaces; 2x 2500 SF spaces and 1x 940 SF space. Both buildings allow for option of FIVE divisible retail spaces.
5000 SF Building = Units 81A & B; Tile floor with 12' ceilings, R-50 roof insulation, firewalls in between each 2500sf, 2 baths including 1 ADA.
940 SF Building = Unit 77; wood floors, stucco over brick, 1 ADA bath.
Unit 81B - (1) 2500 SF retail space available for lease. This 2500 SF open floor plan includes divisible option for 3 smaller retail spaces. *Successful 18yr Hardware Store owner closed shop in summer 2019 to pursue retirement options.
Excellent investment opportunity for another hardware store or similar owner to purchase property for own business and lease remainder spaces.
*Ask about additional mixed use investment opportunity for sale on same block at 57 Main St. Includes a beautiful brick historic residence transformed into a 3 unit apartment with 20 years of documented income. It currently has all 3 units leased. Zoning is listed with the County as residential/commercial. Total lot extends in the back that may be divided per the County with options for development of mixed used, increasing your investment potential. Plenty of off-street parking makes this investment even more desirable! See attached listing info.
Attachments & Media
|Finance Data Year||2019|
|Tax Value Land||$60,100|
|Tax Value Improvements||$273,800|
|Assessed Value - Total($)||$333,900 (Annual)|
|Potential Rental Income||$55,000 (Annual)|
|Gross Operating Income||$31,200 (Annual)|
|Net Operating Income||$26,400 (Annual)|
|Tenant Business Name||Brown Exterminating Co.|
|Contact Name||Kim and Aaron Brunell|
|Industry Type||Other Services|
|Employees at Location||10|
|SF of Space Occupied||2,500 SF|
|Current Rent||$24,000 PSF (Annual)|
|Tenant Notes||Call agent for showing.|
|Tenant Business Name||PJ's Treasure's Thrift Shop|
|Contact Name||Penny & Jerry Weakley|
|Industry Type||Retail Trade|
|SF of Space Occupied||940 SF|
|Current Rent||$7,200 PSF (Annual)|
|Tenant Notes||Call agent for showing.|
|Retail Clientele:||General, Business, Recreation, Convention, Other|
|Property Located Between:||77 Main St. & Ford Ave.|
|Largest Nearby Street:||Main St.|
|Highway Access:||25 miles to I-64 (32 minute drive), 30 miles to I-81 (38 minute drive)|
|Airports:||16 miles to Charlottesville Airport (24 minute drive), 88 miles to Dulles International Airport (1hr 35 minute drive).|
|Site Description:||Multiple Corner Lots off of Main St. & Ford Ave. in downtown historic Stanardsville.|
|Area Description:||Quaint historic town 6 miles west of Rt. 29N sits approximately 1/2 mile off Rt. 33 and 16 miles to Charlottesville Airport. Minutes to Shenandoah National Park, Wineries, historic Lafayette Restaurant and Lydia Mountain Lodge.|
|Total Number of Buildings:||2|
|Number of Stories:||1|
|Typical SF / Floor:||2,500 SF|
|Exterior Description:||Concrete block 5000sf building; & Triple brick 600sf building|
|Total Parking Spaces:||25|
|Parking Description:||Paved parking lot suitable for original IGA grocery store.|
|Heat Type:||Electricity, Natural Gas|
|Heat Source:||Heat Pump|
|Air Conditioning:||Package Unit|
|Interior Description:||81A & B = Tile floor with 12' ceilings, R-50 roof insulation, firewalls in between each 2500sf, 2 baths. 77 = stucco over brick.|
|Zoning Description:||RC-1. See Attached RC1 zoning description from Greene County.|
|Legal Description:||Tax Map Reference 37A-A-23 > Main St & Ford Ave .33 acres Tax Map Reference 37A-A-21 > Off Main St. Behind IGA .047acres|
|Proximity:||3 miles||5 miles|
Kate LucasKELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE CVCMLS Member
|© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Charlottesville Area Association of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|