Commercial Property - Mixed Use

16467 Old Valley Pike Edinburg, VA 22824

16467 Old Valley Pike, Edinburg, VA, 22824
16467 Old Valley Pike, Edinburg, VA, 22824
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$399,000
Last Verified:
Mar 16, 2020

Highlights

  • Great property for end user opportunity To Receive Additional Rental Income
  • Located along busy Rte. #11, with access from two I-81 Exits, #279 and #283
  • High visibility with nearly new metal buildings for your service company
  • Plenty of on-site parking
  • Well and septic

Description

Unique opportunity to own a 1.63 acre lot with three separate buildings at this site. Commercial building with 3-BR apartment on second level, lower level is currently being used as an office. There is a 700sf showroom space in metal building #2, while metal building #3 contains a 640sf showroom with 2,400sf of heated, dry, insulated warehouse storage space. The property was previously used as a Kitchen Cabinet, Ceramic Tile and Flooring store. Property is complete and ready to be a turnkey service shop for Home Improvement, Plumbing Supply, HVAC, Electrical Service and Lumber Supply. Other uses could be; Auto related service, Machinery sales and service, Flea-market, Auction facility or Farmers Market with greenhouse. Property has Well and Septic with generous parking area in rear. Old Valley Pike is Rte. #11, which has easy access from I-81 at Exit #283 or Exit #279. Priced for immediate sale! Variable rate commission!

Edinburg, VA is in the foothills of the Blue Ridge Mountains in central Shenandoah County. Incorporated in 1852, it exemplifies the quaint, small town atmosphere of the valley. A town population of less than 1,000 with an average age of 41 is totally encompassed within 74 square miles. Edinburg has a most modest citizenry without a level of “city” sophistication. In spite of today’s economic situation, unemployment is very low and significantly lower than the states average. However, age of homes and length of stay in the community is much higher than state averages. The town has retained much of its19th century charm with lovely Victorian homes. Distinctive Edinburg architectural features include unusual porches, beautifully crafted hand-carved woodwork and locally crafted stone walls. It is an ideal setting for a Norman Rockwell painting.


Year Built: 1896
Building Size: 6000.0sq ft
Building Class: B
Lot Size: 1.63 acres

Map of 16467 Old Valley Pike, Edinburg, VA, 22824

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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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • 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.