Downtown Mixed Use Investment Property

109 South Kent St. Winchester, VA 22601

109 South Kent St., Winchester, VA, 22601
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$235,000
Last Verified:
Mar 27, 2024

Highlights

  • Six offices (3 up and 3 down) each approximately 14 feet by 14 feet
  • 2 full baths (one on each floor)
  • Secure private entrance to the second-floor office space stairs
  • Parking spaces available
  • Close to downtown city offices and Judicial Center

Description

PRICE REDUCED! Two story fully leased commercial property located in Downtown Winchester; two blocks away from the walking Mall and the Government center. The property is currently leased to a retail tenant. This property is now Residential over Commercial to one tenant. Office or Retail allowing for many lease opportunities in the future. The floorplans are well laid out for multiple tenants as well. The current tenant has entered into a three year lease with a three year option in June of 2023 and agreed to 3% rent increases per year. The building is 1,779 Sq. Ft. on two floors. Former price of $275,500 reduced to $258,000.00 and a solid 8% CAP rate!!

TBD


Year Built: 1900
Building Size: 1779sq ft
Building Class: C
Lot Size: 0.09 acres


Documents

NEW - Brochure (L)

Map of 109 South Kent St., Winchester, VA, 22601

Presented by:
SVN | Commercial Specialists

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john coontz


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.