9 Loudoun StWinchester, VA 22601

Property Details for 9 Loudoun St

Year built

1900

Lot size

0.37 AC

Property size (Sq ft)

30,700 SF

Zone code

B1

Property type

Commercial real estate

APN

193-01-B- 6-

APU

19301B6

Description

This exceptional mixed-use investment property, the Bright Center, is situated in the heart of historic downtown Winchester, Virginia (9 N Loudoun St, 22601). Encompassing 34,300 square feet across three buildings and three stories, this stabilized investment boasts a current NOI of $236,943 and a pro-forma NOI of $272,943, translating to a current cap rate of 4.74% and a pro-forma cap rate of 5.46%. The property, built in 1900 and renovated in 2005, features a diverse tenant base including a bar, storefront retail, and traditional office spaces, currently operating at 80% occupancy. The 0.37-acre lot (APN 193-01-B-6) is zoned B1 and offers excellent visibility and foot traffic, with access from both Loudoun Street and Indian Alley. Key features include the unique Bright Box Theater, formerly housing Winchester's first escalator, now a charming carpeted staircase. The property's location is surrounded by historic landmarks, including the Shenandoah Valley Civil War Museum, ensuring a vibrant and desirable setting. This is a rare opportunity to acquire a piece of Winchester's rich history while enjoying strong financial returns. The asking price is $5,000,000.

• Alternative Use

  Use

  Valuation

  Residential

  $8,363,607

  Hospitality

  $7,661,019

  Educational

  $6,373,878

  Medical

  $6,593,086

  Retail

  $9,914,921

Location Insight

City

Winchester

County

Winchester City

State

Virginia

Latitude

39.1845

Longitude

-78.1659

CBSA code

49020

CBSA name

WINCHESTER, VA-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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