Earl Alger - REMAX Distinctive
8414 W Main St
MARSHALL, VA 20115

Description

Interior Designer's "Best Use" Plans for "THE LOCAL" FINE BRITISH PUB, available. Designer met with Fauquier County for the property uses - "By-Right". All aspects of sketches and layout will include furnishings which are available for purchase. EXCELLENT Location & Potential. Income or Staff residential options. Marshall by right ideas abound: Pub, Restaurant, Wine Bar, Market, Deli, BBQ, Retail, Service, Offices, Medical, Spa. Artist renditions available for client viewing. Income producing property - potential 98k/year. Approx 2000sf - 3 Apts & 3000sf - Commercial Space. Investor - great property with smart cosmetic upgrades and minimal layout changes for self or tenant. Owner Occupied commercial business. Can off-set monthly business costs with residential income. Business can offer staff housing to ensure restaurant/store hours. Family business can house family within property. Make this property your own. Many great "BY-RIGHT" USES. The old market is wanting to be a new pub, wine bar, restaurant or specialty retail store. GREAT Location on West Main Street, at entrances of +/-350 home development coming 2019. Jogging/bicycle/walking path easement on west side of property from townhouses & new "coming soon" housing to West Main Street. The space is a Blank palette ready for vision of its new owners. Some landscape and creative vision will be value added to Marshall. Marshall Beautification Project to start in 2019 with 3 planned phases. The store has been "ABC-OFF" with previous tenants, and the inspector says with the right tenant can be "ABC-ON". The county says the last Site Plan Waiver had 24 parking spots. The property includes: Marshall Town zoned for a wide variety of commercial uses. Last used as a Deli/Store w/ (2) office/staff rooms (2912sf) with potential rents $4400-5000 & (3) Residential Apartments (totaling 2278sf): (1)-2 bedroom & (2)-1 bedroom with current rents of $3300. Potential income is $7500-8200/mo. Currently the commercial space is not rented so the property only has 50% occupancy. We are actively seeking 100% occupancy with a great tenant on the ground floor. The property is sold "AS IS". The original building framework is oak. Seller put on a roof approximately 10 years ago. Price based on CAP 8.5 approx with 100% occupancy. Seller's expenses are currently water/sewer, trash, taxes and insurance. Store tenant will negotiate a CAM payment dependent on the business utility usage. Residential Tenants pay electric.

Details

MLS#VAFQ133256
StyleIndustrial
Sub-TypeResale
StatusActive
Year1929
Days On Site11

Features

SQ Feet5,190
Story(s)0
Units4
ZoningMARSHALL - TOWN

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Area Information

StateVA
CityMARSHALL
Zip Code20115
Listing VS Median (in 20115)
Price:
$979,000
low | high
Med:
$425,000
100% of Average
SqFt:
5,190
low | high
Med:
3,103
90.211946050096% of Average
$ / SqFt:
$189
low | high
Med:
$137
77.39077178927% of Average
On Site:
11
low | high
Med:
18
61.111111111111% of Average
Listing Updated: 01/20/2019
MLS Number: VAFQ133256
Listing Provided By:
Debbie Sue Pomeroy Cloud  of  United Real Estate Horizon

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