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920 N Shenandoah Avenue

FRONT ROYAL, VA 22630
  • $1,650,000
  • STATUS: Active
  • ON SITE: 62 Days
  • ID#: VAWR2000824
UPDATED: 112 min ago
$1,650,000
  • 0
    BEDS
  • 0.85
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1962
County:

School Ratings & Info

School District:

Description

Nearly fully-Leased Medical Building for Sale; located directly across from Front Royal medical center. Ideal 1031 Exchange with additional income upside! All brick, 7K+ SF freestanding medical building, occupied by 2 long-time practitioners with third suite vacant and ready for reletting or end user occupancy. (Also ideal for practitioners looking for office space with residual income and room to expand!). Building is in excellent condition, fully updated and easy to maintain. Prominent and highly visible location, ample parking with additional green space for expansion! Long term leases in place with established practitioners. Few landlord responsibilities. Huge growth market! Proforma CAP Rate of 8.8%, Price $1.650,000.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-29T23:49:24.853.
www.theskygroup.com/homes/121877418
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920 N Shenandoah Avenue FRONT ROYAL, VA 22630

  • Price: $1,650,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 112 min ago
  • ID#: VAWR2000824
0
Beds
0
Baths
0
½ Baths
0.85
Acres
1962
Built
County:
Warren
School District:
Warren County Public Schools
Property Description
Nearly fully-Leased Medical Building for Sale; located directly across from Front Royal medical center. Ideal 1031 Exchange with additional income upside! All brick, 7K+ SF freestanding medical building, occupied by 2 long-time practitioners with third suite vacant and ready for reletting or end user occupancy. (Also ideal for practitioners looking for office space with residual income and room to expand!). Building is in excellent condition, fully updated and easy to maintain. Prominent and highly visible location, ample parking with additional green space for expansion! Long term leases in place with established practitioners. Few landlord responsibilities. Huge growth market! Proforma CAP Rate of 8.8%, Price $1.650,000.
Exterior Features

Construction Materials BrickConcrete Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 7560.00 Cooling Heat Pump(S) Heating Heat Pump(S) Heating YN Yes Net Square Feet 0.00

Property Features

Accessibility Features Level Entry - Main Business Type Institutional Central Air YN No Cooling Fuel Electric Heating Fuel Electric Hot Water 60+ Gallon Tank Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 801011477960 Ownership Interest Fee Simple Possession Immediate Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 8025.00 Tax Assessment Amount 1022300.00 Vacation Rental YN No Water Source Public Zoning R-3

Listing courtesy of Greenfield & Craun Commercial.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-29T23:49:24.853.
 
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The Sky Group of Long & Foster Real Estate
7700 Old Georgetown Rd, Suite 120
Bethesda MD, 20814