For Sale
$325,000

509 Spotswood Trl Elkton, VA 22827

Main Street Retail & Apartment - High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a mixed-use property located at 509 W Spotswood Trail in Elkton, Virginia, 22827. The asking price is $325,000. The property encompasses a 0.29-acre lot and features a successful ground-floor retail space currently operating as an antique/thrift store. This retail space benefits from excellent visibility and ample parking, making it an attractive location for businesses. It's important to note that the first floor currently lacks HVAC service. Above the retail space, a substantial 1265 square foot residential apartment provides additional income potential or owner occupancy. This apartment includes three bedrooms, one full bathroom, a kitchen, dining area, and an office. Access to the apartment is available both from inside the building and externally. The property's strategic location on four town lots offers significant potential for future development or expansion. The combination of a thriving retail space and a spacious apartment makes this a versatile and promising investment in a desirable location. This property is situated in Rockingham County, Virginia, offering a unique blend of commercial and residential opportunities.

Highlights

  • Exceptional mixed-use investment opportunity in Elkton, VA, listed at $325,000.
  • 0.29-acre lot with a successful ground-floor retail space (antique/thrift store) featuring excellent visibility and ample parking. Note: First floor lacks HVAC.
  • 1,265 sq ft, 3-bedroom, 1-bath residential apartment above retail space, offering additional income or owner occupancy; internal and external access.
  • Situated on four town lots, providing potential for future development or expansion.

Property Details for 509 Spotswood Trl

Property type
Retail properties
Lot Size (sq. ft)
12,632 SF

Location Insight

City
Elkton
County
Rockingham
State
Virginia
Latitude
38.4080142
Longitude
-78.6274874

FAQs

What type of property is this?
Retail property - Main Street Retail & Apartment - High Visibility
Where is the retail property located?
The property is located at 509 Spotswood Trl Elkton, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Exceptional mixed-use investment opportunity in Elkton, VA, listed at $325,000.; 0.29-acre lot with a successful ground-floor retail space (antique/thrift store) featuring excellent visibility and ample parking. Note: First floor lacks HVAC.; 1,265 sq ft, 3-bedroom, 1-bath residential apartment above retail space, offering additional income or owner occupancy; internal and external access.
How can I contact the broker?
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509 Spotswood Trl
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