Industrial Investment or Owner-User
351 Station Road
Berryville, VA 22611
Highlights
- Prime Industrial Opportunity: 270,000 SF building situated on 22 acres, offering investment or owner-user flexibility.
- Strong Occupancy: Currently 76% occupied, providing a solid income stream with a cap rate of 5.73%.
- Zoned for Industrial Use: Ideal for distribution, warehousing, or light manufacturing operations.
- Strategic Location: Located within the Washington, D.C. Metro area, benefiting from proximity to major transportation routes.
- Renovated for Modern Use: Originally built in 1940 and renovated in 1980 to meet current industrial needs.
- Competitive Price: Listed at $15,000,000 with a price per square foot of $55.55, offering strong value for investors.
Description
Serafin Real Estate has been exclusively retained to offer for sale 351 Station Road, a prime industrial asset located in Berryville, VA. This 295,800-square-foot building, set on 22 acres, presents a flexible opportunity for investment or owner-user occupancy, catering to a variety of industrial needs. Originally built in 1940 and renovated in 1980, the property is currently 76% occupied, providing a stable income stream with a cap rate of 5.73%. Zoned for industrial use, this property is well-positioned for distribution and warehousing, making it an ideal investment in the thriving Washington, D.C. Metro area. The asking price is $15,000,000.
Clarke County, Virginia:
Population: Clarke County has a population of approximately 15,000 people. The county has seen steady population growth, maintaining its rural charm while attracting residents who value its proximity to the Washington, D.C. metropolitan area.
Household Income: The median household income in Clarke County is around $80,000, reflecting a mix of established residents and newcomers who work in nearby urban centers.
Business Highlights: Clarke County’s economy is diverse, with strong sectors in agriculture, small businesses, and a growing light industrial base. The county is also known for its historic sites, wineries, and expanding agritourism sector. Local government initiatives support small business development, and the county's strategic location along major transportation routes makes it an attractive spot for both entrepreneurs and industrial businesses.
Industrial Industry: Clarke County has a modest but growing industrial sector, primarily focused on light manufacturing, logistics, and distribution. The area’s industrial parks and business-friendly zoning regulations have attracted several companies, especially those that benefit from easy access to major highways like Route 7 and Route 340. These industries contribute significantly to the local economy by providing jobs and supporting ancillary services in the region.
Berryville, Virginia:
Population: Berryville, the county seat of Clarke County, has a population of around 4,500 residents. The town has experienced consistent growth, driven by its appeal to both families and retirees seeking a blend of small-town charm and accessibility to urban amenities.
Household Income: The median household income in Berryville is similar to that of Clarke County, indicating a comfortable standard of living among its residents. The town’s income levels reflect its status as a desirable residential area with a mix of local employment opportunities.
Business Highlights: Berryville is home to a vibrant small business community, with a downtown area featuring charming shops, restaurants, and local businesses that cater to both residents and visitors. The town’s historic character, coupled with community-focused events, draws tourists year-round, bolstering the local economy.
Industrial Industry: Berryville also benefits from the county’s growing industrial sector. The town’s proximity to industrial parks and major transportation routes makes it an ideal location for businesses involved in manufacturing, warehousing, and logistics. Berryville’s industrial base is supported by a skilled workforce and the town’s commitment to maintaining a balance between growth and preserving its historic and rural character.
