10040 James Madison HwyWarrenton, VA 20186
- Retail space
- 852 SF
Property Details for 10040 James Madison Hwy
- Year built
- 1939
- Lot size
- 11.57 AC
- Property size (Sq ft)
- 852 SF
- Zone code
- COMMERCIAL HIWAY
- Property type
- Retail space
- APN
- 6981-20-3733
- APU
- 6981203733
Description
This exceptional 11.57-acre commercial land parcel presents a unique investment opportunity in Warrenton, Virginia. Located at 10040 James Madison Hwy (Rt. 15/29/17), this property boasts a highly desirable location with excellent visibility and accessibility. The site is zoned C-2 within the Opal Service District and enjoys significant traffic volume, with approximately 44,000 vehicles passing daily. A conceptual layout envisions three retail pads and a self-storage pad, though the self-storage component would necessitate a Special Use Permit. The property's strategic positioning on the "going home" side of James Madison Highway ensures consistent exposure to a large consumer base. This versatile land offers significant potential for a variety of commercial developments, making it an attractive proposition for both sale and ground lease options. The asking price is $3,500,000. The property's APN is 6981-20-3733-000. This prime location in Fauquier County, Virginia, zip code 20186, offers unparalleled access and visibility for any commercial venture. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $298,094
- 6.5%
- $275,163
- 7%
- $255,509
-
Comparable approach
- Method
- Valuation
- Relative Method
- $429,279
- Geo Method
- $429,279
-
Alternative Use
- Use
- Valuation
- Residential
- $232,111
- Hospitality
- $212,612
- Educational
- $176,891
- Medical
- $182,974
- Retail
- $275,163
Location Insight
- City
- Warrenton
- County
- Fauquier
- State
- Virginia
- Latitude
- 38.6231
- Longitude
- -77.8022
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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