For Sale
$5,000,000

9 Loudoun StWinchester, VA 22601

Prime downtown location, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use investment property, the Bright Center, is situated in the heart of historic downtown Winchester, Virginia (9 N Loudoun St, 22601). Encompassing 34,300 square feet across three buildings and three stories, this stabilized investment boasts a current NOI of $236,943 and a pro-forma NOI of $272,943, translating to a current cap rate of 4.74% and a pro-forma cap rate of 5.46%. The property, built in 1900 and renovated in 2005, features a diverse tenant base including a bar, storefront retail, and traditional office spaces, currently operating at 80% occupancy. The 0.37-acre lot (APN 193-01-B-6) is zoned B1 and offers excellent visibility and foot traffic, with access from both Loudoun Street and Indian Alley. Key features include the unique Bright Box Theater, formerly housing Winchester's first escalator, now a charming carpeted staircase. The property's location is surrounded by historic landmarks, including the Shenandoah Valley Civil War Museum, ensuring a vibrant and desirable setting. This is a rare opportunity to acquire a piece of Winchester's rich history while enjoying strong financial returns. The asking price is $5,000,000.

Highlights

  • Exceptional mixed-use investment property in historic downtown Winchester, VA (9 N Loudoun St, 22601).
  • 34,300 square feet across three buildings, three stories; 80% occupancy.
  • Current NOI $236,943, pro-forma NOI $272,943; current cap rate 4.74%, pro-forma cap rate 5.46%.
  • 0.37-acre lot (APN 193-01-B-6), B1 zoning; excellent visibility and foot traffic.
  • Diverse tenant mix: bar, retail, and office; includes unique Bright Box Theater.
  • Asking price: $5,000,000.

Property Details for 9 Loudoun St

Property type
Retail properties, Bars
Square Feet
34,300 SF
Year Built/Renovated
1900/2005
Buildings
3
Stories
3
Lot Size (sq. ft)
16,117 SF

Location Insight

City
Winchester
County
Winchester City
State
Virginia
Latitude
39.184341148048
Longitude
-78.165553673736
9 Loudoun St, Winchester, Virginia

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9 Loudoun St
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