8414 W Main Street

Marshall, VA
$ 1,050,000 Beds 0 Baths 0 Sq 5,244
Monthly Estimate* How much can I afford?

Excellent Investment Opportunity! 100% occupancy. Growing community excited. Come out and see this Small Town Community as the 2nd largest town in Fauquier County. Easy access off I66 with high tourist traffic located between exit 27-28 in Marshall VA (59 miles from DC/NVA). Great opportunity for Investor. MARSHALL is growing with changes in 2020 to include Marshall Main Street beautification project phase one, road expansion of Salem Avenue and new homes south and north of Main St. The building is 5422sf on a .56acre lot. General store front commercial space +/-2200sf. The total back space plus general front space +/-3000sf. Commercial space with "Marshall Town" zoning, many uses BY RIGHT. Current Use: general contractors office, CBD retail store (3 year lease) and residential units (annual leases). Possible other future commercial uses include: pub, restaurant, sushi, wine/beer bar, CBD/hookah bar, market, deli, BBQ, health food, wellness center, retail, service center, offices, medical, spa, etc. Previous use: deli, general store, pool hall, tobacco shop. The store has been "ABC-OFF", and the inspector says the right tenant can be "ABC-ON". The space can be built-out as a retail/restaurant front and office/kitchen in back. New walking path easement on west side of property from townhouses & new "coming soon" housing. Income producing property - potential +/-85k/year net. Current occupancy - 4 units rented, and 2 units being negotiated where property is 100% occupied as of 9/1/20. Investor - great property with smart cosmetic upgrades and minimal layout changes for purchaser or potential tenant. New Metal Roof installed approximately 10 years ago. Seller's expenses are currently water/sewer, trash, taxes and insurance. Store tenant pays a negotiated CAM payment dependent on the business utility usage. Residential Tenants pay electric. Property subject to Leases. Property sold is AS IS.

Commercial

  • Price
  • $ 1,050,000
  • Lot Size
  • 0.56 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 5,244
  • Full Bathrooms
  • 0
  • Year Built
  • 1929
  • Half Bathrooms
  • 0
  • City, Zip
  • Marshall
  • Taxes
  • 3945
  • County
  • FAUQUIER
  • Style
  • Restaurant/Bar,Supermarket/Grocery Store,Medical,A
  • Area
  • MLS#
  • VAFQ166180
  • Zip
  • 20115
Listing Provided by: United Real Estate Horizon

Features

General

Accessibility 2+ Access Exits, Level Entry - Main
Building Features Kitchen, Meeting Rooms, Signage Allowed, Display Window
Business Type Restaurant/Bar, Supermarket/Grocery Store, Medical, Apartment Building, Banquet Facility/Lodge, Day Care Facility, Hair Salon and Spa, Other/General Retail, Professional, Religious Facility, Shopping Center
Construction Materials Brick Front, Combination, Brick, Concrete, Stucco, Mixed
Cool Fuel Electric
Cooling Central A/C
County FAUQUIER
Current Use Commercial, Convenience Store, Multi Residential
Electric 120/240V
Facing Direction South
Flooring Ceramic Tile, Wood
Heating Heat Pump(s), Baseboard - Electric
Historic Y/N No
Leasable Area 5190
Location Type Downtown
New Construction No
Ownership Fee Simple
Parking Features Unassigned
Possession Settlement, Subject to Existing Lease
Price Per Sq Ft 193.66
Property SubType Other
Property Type Commercial Sale
Property Use Investment
PropertyCondition Average
Real Estate Owned Y/N No
Roof Metal, Pitched
Security Features Smoke Detector, Main Entrance Lock
Sewer Public Sewer
Subdivision Name MARSHALL TOWN
Tax Annual Amount 3945.0
Tax Year 2018
Total Units 4
Utilities Phone Available, Cable TV Available
Vacation Rental Y/N No
View Street
Water Access Y/N No
Zoning MARSHALL - TOWN

Interior Features

Central Air Y/N Yes
Clear Span Ceiling Height 8' to 10'
Entry Level 1
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Total Restrooms 6

Exterior Features

Building Area Total 5422.00
Car Parking Spaces 24
Fencing Y/n No
Foundation Details Block
Lot Features Road Frontage, Rear Yard
Lot Size Acres 0.56
Lot Size Source Estimated
Lot Size Square Feet 24394.00
Navigable Water Y/N No
Road Frontage Length 127
Road Surface Type Paved, Access - On Grade
Roadresponsibility Public, State, Easement/Right of Way
Total Parking Spaces 26
Type of Parking Driveway, On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Hillsborough, NJ office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/14/2020 Listed $979,000

Property vs Zip Code Average in 20115

Price
AVG $1.06M
$1.05M
Taxes
AVG $2,849
$3,945
Visits
AVG 132
103
Year Built
AVG 1944
1929

Map

8414 W Main Street Marshall, VA is a Single Family Home for sale at $1050000 with 5244 sqft and a lot size of 0.56 Acres Acre(s). 8414 W Main Street Marshall has 0 bedrooms, 0 baths and was built in 1929. The property's zip code is 20115 which is in Marshall, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.