10040 James Madison HwyWarrenton, VA 20186

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 properties

Property subtype

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.

• 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

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