For Sale
$258,000

109 Kent StWinchester, VA 22601

High-yield retail investment, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, two-story storefront in downtown Winchester, Virginia. The 1,779 square foot building, constructed in 1900, sits on a 0.085-acre lot and is zoned B1. Currently occupied by a single retail tenant under a net lease with three years remaining (plus a three-year option), the property boasts a 7.5% cap rate and a current asking price of $258,000 ($145.03/sq ft). The building features six offices (three on each floor), each approximately 14 feet by 14 feet, and two full bathrooms. A secure private entrance serves the second-floor office space. On-site parking is available. Its strategic location, just two blocks from the walking mall and the government center, provides excellent visibility and accessibility. The current lease includes a 3% annual rent increase, ensuring consistent income growth. The flexible floor plan allows for multiple tenant occupancy in the future, presenting further investment potential. This property offers a compelling blend of immediate income and long-term growth prospects in a thriving downtown area. The property's history and current configuration make it a unique and attractive investment.

Highlights

  • $258,000 price reduction on this Downtown Winchester commercial property, located two blocks from the walking mall and government center.
  • 1,779 SF, two-story building, fully leased to a retail tenant under a three-year lease with a three-year option and 3% annual rent increases.
  • Features six 14' x 14' offices (three on each floor) and two full baths.
  • Includes a secure private second-floor entrance and on-site parking.
  • Excellent location near downtown city offices and the Judicial Center, offering an 8% cap rate.

Property Details for 109 Kent St

Property type
Retail properties, Retail space
Square Feet
1,779 SF
Class
C
Year Built
1900
Lot Size (sq. ft)
3,703 SF

Location Insight

City
Winchester
County
Winchester City
State
Virginia
Latitude
39.1822181
Longitude
-78.1634018
109 Kent St, Winchester, Virginia

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109 Kent St
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