120 21St StPurcellville, VA 20132

Property Details for 120 21St St

Year built

1930

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 AC

Property size (Sq ft)

1,921 SF

Zone code

PV:C4

Property type

Retail space

APN

488-37-5745-000

APU

488375745000

Description

This exceptional 1,921 square foot retail property, located at 120 N 21st Street in the heart of historic Purcellville, Virginia, presents a unique investment opportunity. Situated on a 0.1-acre lot, this charming storefront boasts an enviable location, just steps from popular attractions including Catoctin Creek Distillery, the historic Train Station, and the W&O Trail, ensuring high foot traffic and excellent visibility. The property features original tin ceilings, adding to its unique character and appeal. A significant advantage is the inclusion of a spacious walk-in cooler, ideal for various retail businesses. Large display windows maximize natural light and provide excellent opportunities for showcasing merchandise. Convenient rear parking is available for both owners and deliveries, addressing a common concern in downtown locations. The flexible floor plan allows for easy division into two separate units, each with access to shared facilities, providing potential for multiple income streams or expansion opportunities. Note that the existing wholesale inventory of rugs is sold separately. This property offers a blend of historic charm and modern convenience, making it an ideal location for a variety of retail ventures. The asking price is $750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $672,110

  6.5%

  $620,409

  7%

  $576,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $967,894

  Geo Method

  $967,894

• Alternative Use

  Use

  Valuation

  Residential

  $523,338

  Hospitality

  $479,375

  Educational

  $398,834

  Medical

  $412,551

  Retail

  $620,409

Location Insight

City

Purcellville

County

Loudoun

State

Virginia

Latitude

39.1372

Longitude

-77.715

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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