Court Street Investment Property

137 W. Court Street Woodstock, VA 22664

137 W. Court Street, Woodstock, VA, 22664
137 W. Court Street, Woodstock, VA, 22664
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$420,000
Last Verified:
Feb 17, 2020

Highlights

  • Total Rehab from basement to the roof
  • Quality office build out
  • Long time tenants with established rental history
  • Located in central downtown Woodstock
  • Offered for the first time at a 7.44% cap rate

Description

Small "Bite Sized" investment located in downtown Woodstock, VA. Two story brick building has been rehabbed completely to the brick inner walls, everything has been replaced and modernized over the past 10 years. Quality build out throughout the premises. Long established tenants, which both Edward Jones and Vision Products have had multiple lease extensions showing their commitment to this site. Property is located near old Court House, Fire Department and numerous restaurants on Main Street, Add to all this, public parking on adjacent lot and you have a prime site for long term occupancy and security. Property is being offered at a 7% Cap Rate at $435,000. Must see to fully appreciate the pride of ownership that went into this property. Shown by appointment only! Variable rate commission.

Formed in 1772, Shenandoah County is strategically located in the northwestern portion of Virginia, between the Allegheny and Massanutten Mountains, in the heart of the picturesque Shenandoah Valley. The Town of Woodstock has been the county seat for Shenandoah since the county's formation and only 90 miles via Interstate from Washington D.C. This close proximity, yet reasonable distance from urban development, offers a balance of lifestyle. With Interstate 81 as the primary travel source, scenic state route 11 parallels for tourist and local travel. Within the center of Woodstock is Massanutten Military Academy, which draws students and parents as an additional economic source.


Year Built: 1947
Building Size: 2400.0sq ft
Building Class: A
Lot Size: 0.05 acres

Map of 137 W. Court Street, Woodstock, VA, 22664

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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
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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
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