For Sale
$875,000

8387 Main StMarshall, VA 20115

Historic Frame Shop & Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property in Marshall, Virginia presents a unique investment opportunity. Located at 8387 W Main St, this 1,648 square foot building boasts a successful, long-running frame shop established in 1999, enjoying a prominent clientele. The property includes a charming older home with a well-maintained main level currently operating as the frame shop, and a separate one-bedroom apartment above with its own access. An additional cottage offers versatile space, potentially expanding the shop or providing a separate office or retail area. The property sits on a 0.44-acre lot with a large, fenced backyard, multiple sheds, and outbuildings, adding to its historic charm and functionality. The building is zoned M-T and offers a strong NOI of $133,000, resulting in a 15.20% cap rate. The asking price is $875,000, translating to $1 per square foot. This turnkey operation offers immediate income generation and significant growth potential in the thriving Village of Marshall. The property's combination of established business, residential space, and additional outbuildings makes it an attractive investment for both business owners and real estate investors. This is a rare opportunity to acquire a well-established business with a stellar reputation in a prime location.

Highlights

  • $875,000 asking price for a mixed-use property.
  • 1,648 square feet on a 0.44-acre lot in Marshall, VA.
  • 15.20% cap rate with a $133,000 NOI.
  • Includes a successful, long-running frame shop business.
  • Features a main-level storefront, an upper-level one-bedroom apartment, and an additional cottage.

Property Details for 8387 Main St

Property type
Retail properties, Office properties
Square Feet
1,648 SF
Lot Size (sq. ft)
19,166 SF

Location Insight

City
Marshall
County
Fauquier
State
Virginia
Latitude
38.86435642
Longitude
-77.85857063
8387 Main St, Marshall, Virginia

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8387 Main St
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