$599,000
$989,000
39.4%For more information regarding the value of a property, please contact us for a free consultation.
15,700 SqFt
SOLD DATE : 12/11/2020
Key Details
Sold Price $599,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 15,700 sqft
Price per Sqft $38
Subdivision Historic Downtown Winchester
MLS Listing ID VAWI113496
Sold Date 12/11/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $5,963
Tax Year 2019
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 58' x 176'
Property Description
This property is scheduled to be auctioned on November 5, 2020 at 11:00 AM. The set reserve price is $599,000 and there is a 6% buyers premium. Commission paid to RE agents with registered client who is successful bidder. Seller would entertain pre-auction offers. Bidders are required to have a cashier's check in hand for $25,000 in order to place a bid. Unique opportunity to purchase one of the largest (15,700SF) retail buildings on Winchester Virginia's Old Town pedestrian mall. Approximately 10,200 SF of ground floor retail space with 57 linear feet of glass storefront. Second floor, front, contains 2,760 SF that is divided into 6 office spaces which are currently leased. Third floor front contains 1,160SF and is currently leased to a professional office. In addition to these spaces, there is a 1,200 SF second floor space in the rear of the building, and also approximately 7,000SF of basement space. The building is fully sprinkled. Development would allow for the addition of 22 residential units on multiple levels above. Current envelope could be transformed to upscale market with brewery or distillery as anchor, restaurants, theatre, rooftop dining.
Location
State VA
County Winchester City
Zoning B1
Direction East
Interior
Hot Water Electric
Cooling Roof Mounted, Central A/C
Flooring Hardwood
Heat Source Natural Gas
Exterior
Utilities Available Natural Gas Available, Water Available, Sewer Available, Electric Available, Cable TV Available
Water Access N
Roof Type Built-Up,Asphalt,Rubber,Shingle,Tar/Gravel
Accessibility Other
Garage N
Building
Lot Description Flood Plain, Zero Lot Line
Foundation Stone, Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Winchester City Public Schools
Others
Tax ID 173-01-F- 23-
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard, Auction
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