8414 Main StMarshall, VA 20115

Property Details for 8414 Main St

Year built

1929

Lot size

0.58 AC

Property size (Sq ft)

5,190 SF

Zone code

C1

Property type

Retail space

APN

6969-58-0236

APU

6969580236

Description

This 5,700 square foot commercial property located at 8414 W Main Street in Marshall, Virginia, presents a unique opportunity. Currently configured as a creative office space, this multi-tenant building sits on a 5.8-acre lot and offers 2,200 square feet of immediately available space. Built in 1929, the building has seen a variety of uses, including a deli, general store, pool hall, and tobacco shop. The property is zoned "Town," allowing for a wide range of uses, including but not limited to: pub, restaurant, retail, office, medical, or wellness center. An additional approximately 2,500 square feet of adjacent back space is available for lease, totaling approximately 4,700 square feet for $3100/month. The landlord is willing to offer rent credits to assist with tenant build-out. The property benefits from its convenient location off I-66 between exits 27 and 28, and recent town improvements including new homes and Main Street enhancements. A new walking path easement provides convenient access from nearby townhouses and new housing developments. Utilities include water, sewer, trash, taxes, and insurance paid by the landlord. The tenant is responsible for electric, internet, cable, and other business services. A long-term lease is preferred, with options for first right of refusal or purchase available. The property is also for sale, subject to existing leases. The building is leased "as is." A CAM payment will be negotiated based on the tenant's utility usage.

• CAP approach

  CAP return

  Valuation

  6%

  $1,815,852

  6.5%

  $1,676,171

  7%

  $1,556,444

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,614,975

  Geo Method

  $2,614,975

• Alternative Use

  Use

  Valuation

  Residential

  $1,413,913

  Hospitality

  $1,295,136

  Educational

  $1,077,538

  Medical

  $1,114,596

  Retail

  $1,676,171

Location Insight

City

Marshall

County

Fauquier

State

Virginia

Latitude

38.8639

Longitude

-77.8605

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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