$1,600,000
754-758 S MAIN ST Woodstock, VA 22664
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$1,600,000
Est. payment /mo
5,594 SqFt
Under Contract
754-758 S MAIN ST Woodstock, VA 22664
UPDATED:
08/19/2024 06:15 PM
Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Under Contract
Purchase Type For Sale
Square Footage 5,594 sqft
Price per Sqft $286
MLS Listing ID VASH2003998
Originating Board BRIGHT
Year Built 1980
Annual Tax Amount $5,752
Tax Year 2022
Lot Size 4.973 Acres
Acres 4.97
Property Description
Woodstock corridor of growth, just south of Downtown, next to Massanutten Military Academy. The property in front of this 5 acre parcel was previously approved SUP for a mixed use project, containing 48 apartments over commercial, paving the way for additional development at this site. SUP has expired July 2023, needs renewed! Add to this central location the much touted "Rails to Trails" project that runs along the western border of this property if and when it is finally approved. The 5 acres is improved by two houses, one apartment building and metal commercial building leased to a body shop and towing company. The property is fully leased contributing a current income of over $106,000. Terrific income, while you rezone this property with a TND Overlay plan and phase in your Multi-Family redevelopment project at this site. Asking price is $1,550,000 at a 6.8% Cap Rate. Below market rents and the Multi-Family development potential at this site makes this a project you will want to take a closer look at. Imagine the possibilities!
Location
State VA
County Shenandoah
Zoning B2
Interior
Hot Water None
Heating None
Cooling None
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Shenandoah County Public Schools
Others
Tax ID 045A4 A 031
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by James A Guisewhite • Commercial Specialists
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