103 Washington StMadison, VA 22727

Property Details for 103 Washington St

Year built

1960

Lot size

0.64 AC

Property type

Other mixed-use properties

Property subtype

Mixed-use properties

Description

This exceptional investment opportunity presents a unique portfolio of four income-generating buildings situated on a 0.64-acre lot in the vibrant town of Madison, Virginia. The property boasts a diverse tenant mix, including a thriving restaurant, a well-established hair salon, and a reputable auto mechanic shop, ensuring consistent cash flow. In addition to the commercial spaces, the property also includes a two-story residential building featuring two apartments and a single-family home, all currently leased. This diversified portfolio provides a robust and resilient income stream, with a reported annual gross income of $100,000. The property's location in Madison offers excellent visibility and accessibility, attracting a steady stream of customers for the commercial tenants and providing a desirable living environment for the residential occupants. This turnkey investment is ideal for an experienced investor seeking a stable and high-yielding portfolio with significant upside potential. The property is offered at $1,300,000, representing a compelling opportunity to acquire a well-established and profitable multi-use property in a thriving Virginia market. The square footage of each building is not currently available, but the total annual income provides a strong indicator of the property's value and potential. This is a rare chance to acquire a diverse and established income-producing property in a desirable location. Serious inquiries only.

Location Insight

City

Madison

County

Madison

State

Virginia

Latitude

38.3821

Longitude

-78.2557

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