17 Madison StMiddleburg, VA 20117

Property Details for 17 Madison St

Year built

1990

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

5,926 SF

Zone code

MB:C2

Property type

Retail properties

Property subtype

Retail space

APN

538-18-4894-000

APU

538184894000

Description

This exceptional mixed-use property, located at 17 S Madison Street in the heart of historic Middleburg, Virginia, presents a compelling investment opportunity. The 3,000 square foot building boasts a prominent corner location at the intersection of Madison and Federal Streets, just a block from the town's central stoplight. The property features two thriving commercial storefronts facing Madison Street, perfectly positioned to capitalize on the high foot traffic of this vibrant downtown area. These commercial spaces are currently fully leased. Adding to its appeal, the building also includes four residential rental units, accessible from Federal Street, offering a mix of one and two-bedroom apartments. Three dedicated parking spaces are included, a valuable asset in this walkable town. The building itself is rich in history, reportedly once housing carriage drivers, and retains significant charm with its stone and stucco façade, large display windows, dormered upper windows, and a durable standing seam metal roof. The convenient location allows for easy access to restaurants, grocery stores, the post office, and other amenities. The property is zoned C-2 and is situated within a historic district, details of which are available in the provided documents. Please allow at least 24 hours' notice for showings. This 0.07-acre property offers a unique blend of commercial and residential income streams, making it an ideal investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,073,360

  6.5%

  $1,913,870

  7%

  $1,777,165

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,985,808

  Geo Method

  $2,985,808

• Alternative Use

  Use

  Valuation

  Residential

  $1,614,421

  Hospitality

  $1,478,801

  Educational

  $1,230,345

  Medical

  $1,272,659

  Retail

  $1,913,870

Location Insight

City

Middleburg

County

Loudoun

State

Virginia

Latitude

38.9684

Longitude

-77.7349

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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