1328-1470 Commerce Street

    WINCHESTER, VA 22601
    • $1,200,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: VAWI113774
    UPDATED: 53 min ago
    $1,200,000
    • 0
      BEDS
    • 3.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Property was formerly Rosnebergers Lumber and hardware. Main building at 1336 Commerce was office and hardware with lower level used as warehouse space, has loading dock. Bldg now occupied by Church on main level. Lower level has been occupied by various contractors, the last being Shallow Creek Electrical Services from 2010 until late 2019 when they purchased their own bldg near the airport. Most of the 9 buildings are in good condition but one needs substantial repairs , it does not meet setback requirements making it economically deficient to repair. Current rental income is approx. $110,000 per year which can be improved as is. However it has far greater potential for commercial development including self storage units or industrial uses. Owner will consider some owner financing to qualified purchaser.

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    ©2020 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. 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: 2020-02-26T12:54:05.697.
    www.remaxfrederick.com/homes/102529125

    1328-1470 Commerce Street WINCHESTER, VA 22601

    • Price: $1,200,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: VAWI113774
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.37
    Acres
    1956
    Built
    County:
    Winchester City
    School District:
    Winchester City Public Schools
    Property Description
    Property was formerly Rosnebergers Lumber and hardware. Main building at 1336 Commerce was office and hardware with lower level used as warehouse space, has loading dock. Bldg now occupied by Church on main level. Lower level has been occupied by various contractors, the last being Shallow Creek Electrical Services from 2010 until late 2019 when they purchased their own bldg near the airport. Most of the 9 buildings are in good condition but one needs substantial repairs , it does not meet setback requirements making it economically deficient to repair. Current rental income is approx. $110,000 per year which can be improved as is. However it has far greater potential for commercial development including self storage units or industrial uses. Owner will consider some owner financing to qualified purchaser.
    Exterior Features

    Construction Materials Block Garage YN No Parking Types On StreetOff Street Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 40000.00 Cooling Central A/C Heating Baseboard - Electric Heating YN Yes Net Square Feet 40000.00

    Property Features

    Acceptable Financing ConventionalNegotiable Accessibility Features None Assessment Year 2019 Association YN No Business Type WarehouseAuto RelatedInstitutionalStorage Central Air YN Yes Cooling Fuel Electric Electric 220 Volts110 Volts100 Amp Service3 PhasesCircuit BreakersSingle Phase120/240V Heating Fuel Electric Historic YN No Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 9 Original MLSNumber 304002595741 Ownership Interest Fee Simple Possession SettlementNegotiable Property Sub Type Other Sale Type Standard Sewer Public Sewer Tax Annual Amount 8318.00 Tax Assessment Amount 894500.00 Vacation Rental YN No Water Source Public Zoning Cm1 Zoning Description Entire Property Zoned Cm1 But Uses Restricted in Some Buildings As They Do Not Set Back Requirements.

    Listing courtesy of Marketplace Realty.


    ©2020 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. 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: 2020-02-26T12:54:05.697.
     
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