8387 Main StMarshall, VA 20115

Property Details for 8387 Main St

Lot size

0.44 AC

Property size (Sq ft)

1,648 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Marshall

County

Fauquier

State

Virginia

Latitude

38.8644

Longitude

-77.8586

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