53 Lee StWarrenton, VA 20186

Property Details for 53 Lee St

Year built

1919

Property size (Sq ft)

4,032 SF

Zone code

CENTRAL BUSINESS DISTRICT

Property type

Retail properties

Property subtype

Retail space

APN

6984-43-0283-002

APU

6984430283002

Description

This exceptional 1550-square-foot retail space at 53 E Lee St in Warrenton, Virginia's Oldtown submarket, presents a unique investment opportunity. Located just off Main Street and across from Silver Branch Brewery, this property boasts significant historic charm, including hardwood floors and high ceilings. Built in 1919, the two-story, Class B building offers a single-tenant occupancy within a 5632-square-foot structure situated on a 0.065-acre lot. The space includes a versatile back room, perfect for storage or a fitting room, and a convenient half bath. The CBD zoning allows for a variety of retail uses, making it ideal for businesses such as coffee shops, bakeries, or boutiques seeking a prominent location within a thriving community. The property's convenient location and historic character offer a compelling combination for businesses looking to establish a strong presence in Oldtown Warrenton. The property features no elevators. The APN is 6984-43-0283-002.

• CAP approach

  CAP return

  Valuation

  6%

  $1,410,696

  6.5%

  $1,302,181

  7%

  $1,209,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,031,518

  Geo Method

  $2,031,518

• Alternative Use

  Use

  Valuation

  Residential

  $1,098,438

  Hospitality

  $1,006,164

  Educational

  $837,116

  Medical

  $865,906

  Retail

  $1,302,181

Location Insight

City

Warrenton

County

Fauquier

State

Virginia

Latitude

38.7122

Longitude

-77.7949

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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