865 John Marshall HwyFront Royal, VA 22630

Property Details for 865 John Marshall Hwy

Lot size

0.69 AC

Property size (Sq ft)

4,684 SF

Zone code

C1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

20A171 32

APU

20A17132

Description

This exceptional 4,684 square foot mixed-use property, located at 865 John Marshall Hwy in Front Royal, VA 22630, presents a compelling investment opportunity. Situated on a 0.69-acre corner lot in a high-traffic area, this C-class building boasts a prime location along a major route between Washington, D.C., and Shenandoah National Park. The property benefits from its proximity to I-66 (Exits 6 and 13) and the I-66/I-81 intersection, placing it within easy reach of major transportation arteries and a large tourist population. Currently configured as a restaurant, the space features a large main dining area (37x34), a separate banquet/meeting room (38x36), two fully equipped bar areas, ample kitchen and storage space, including a partial basement, and separate restrooms for each area. The property underwent renovations in 2021 and includes significant parking potential (60+ spaces). The flexible layout and C-1 zoning allow for a variety of uses, including retail, office, or hospitality. The seller is motivated and open to creative financing options, including owner financing with 40% down, and is also considering lease options. Additional acreage may be available through a boundary adjustment with the adjacent landowner. This property offers significant upside potential for investors seeking a high-visibility location with strong traffic counts and diverse usage possibilities. The asking price is $2,000,000. The lease type is NNN, and the property is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,638,815

  6.5%

  $1,512,752

  7%

  $1,404,698

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,360,028

  Geo Method

  $2,360,028

• Alternative Use

  Use

  Valuation

  Residential

  $1,276,063

  Hospitality

  $1,168,867

  Educational

  $972,484

  Medical

  $1,005,929

  Retail

  $1,512,752

Location Insight

City

Front Royal

County

Warren

State

Virginia

Latitude

38.9099

Longitude

-78.1826

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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