555 Hospital DrWarrenton, VA 20186

Property Details for 555 Hospital Dr

Year built

1991

Lot size

1.39 AC

Property size (Sq ft)

7,384 SF

Zone code

R15RESIDENTIAL

Property type

Healthcare properties

Property subtype

Medical offices

APN

6984-02-2554

APU

6984022554

Description

This exceptional 7,300 square foot office building, situated on a 1.39-acre lot within the Fauquier Hospital complex in Warrenton, Virginia, presents a unique investment opportunity. The property boasts a versatile layout ideal for a variety of uses, previously functioning as a medical facility. The building features a substantial 20-person waiting area with a large reception area, providing ample space for client interaction. Twelve private offices or exam rooms offer flexibility for individual workspaces or patient consultations. A dedicated conference room facilitates meetings and collaborative efforts, while a sizable kitchen caters to staff and visitors. A walkout lower level adds extra space and potential for expansion or storage. All plumbing remains in place, making a return to medical use a straightforward transition. The expansive 1.39-acre lot offers significant potential for future development, including additional building construction or expansion of the existing parking area. The property's zoning, designated PSP within the Town of Warrenton, allows for a range of commercial uses. This prime location within the Fauquier Hospital complex provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking a well-established and convenient address. The asking price is $1,975,000. This presents a compelling opportunity to acquire a substantial and adaptable commercial property in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,757,468

  6.5%

  $1,622,278

  7%

  $1,506,401

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,476,357

  Geo Method

  $1,476,357

• Alternative Use

  Use

  Valuation

  Residential

  $2,011,624

  Hospitality

  $1,842,637

  Educational

  $1,533,053

  Medical

  $1,585,777

  Retail

  $2,384,748

Location Insight

City

Warrenton

County

Fauquier

State

Virginia

Latitude

38.7104

Longitude

-77.8084

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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