109 Kent StWinchester, VA 22601

Property Details for 109 Kent St

Year built

1900

Lot size

0.08 AC

Property size (Sq ft)

1,780 SF

Zone code

B1

Property type

Other commercial real estate

APN

193-01-P- 25-

APU

19301P25

Description

This exceptional investment opportunity presents a fully leased, two-story storefront in downtown Winchester, Virginia. The 1,779 square foot building, constructed in 1900, sits on a 0.085-acre lot and is zoned B1. Currently occupied by a single retail tenant under a net lease with three years remaining (plus a three-year option), the property boasts a 7.5% cap rate and a current asking price of $258,000 ($145.03/sq ft). The building features six offices (three on each floor), each approximately 14 feet by 14 feet, and two full bathrooms. A secure private entrance serves the second-floor office space. On-site parking is available. Its strategic location, just two blocks from the walking mall and the government center, provides excellent visibility and accessibility. The current lease includes a 3% annual rent increase, ensuring consistent income growth. The flexible floor plan allows for multiple tenant occupancy in the future, presenting further investment potential. This property offers a compelling blend of immediate income and long-term growth prospects in a thriving downtown area. The property's history and current configuration make it a unique and attractive investment.

• Alternative Use

  Use

  Valuation

  Residential

  $484,926

  Hospitality

  $444,189

  Educational

  $369,560

  Medical

  $382,270

  Retail

  $574,872

Location Insight

City

Winchester

County

Winchester City

State

Virginia

Latitude

39.1823

Longitude

-78.1634

CBSA code

49020

CBSA name

WINCHESTER, VA-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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