754-758 S MAIN STREET
Woodstock, Virginia, 22664, United States
5,594 ft²
4.97 acres
- beds
- baths
Property Provided By
- Jim Guisewhite
- Commercial Specialists
- +1 (540) 325-0573
Connect with local buyer agents who are willing to offer commission savings!
Property Information
Woodstock corridor of growth, just south of Downtown, next to Massanutten Military Academy. The property in front of this 5 acre parcel was previously approved SUP for a mixed use project, containing 48 apartments over commercial, paving the way for additional development at this site. SUP has expired July 2023, needs renewed! Add to this central location the much touted Rails to Trails project that runs along the western border of this property if and when it is finally approved. The 5 acres is improved by two houses, one apartment building and metal commercial building leased to a body shop and towing company. The property is fully leased contributing a current income of over $106,000. Terrific income, while you rezone this property with a TND Overlay plan and phase in your Multi-Family redevelopment project at this site. Asking price is $1,550,000 at a 6.8% Cap Rate. Below market rents and the Multi-Family development potential at this site makes this a project you will want to take a closer look at. Imagine the possibilities!
Directions
Rt #11 north just passed Woodstock Hospital, turn left into the site between Naked Bear RV and the Massanutten Military Academy Sports Field.
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Listing Information © 2024 BrightMLS. All Rights Reserved.
Courtesy of Jim Guisewhite, Commercial Specialists jim.guisewhite@svn.com
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
This content last updated on 2024-10-04 11:02:18.
Property Provided By
- Jim Guisewhite
- Commercial Specialists
- +1 (540) 325-0573
Connect with local buyer agents who are willing to offer commission savings!
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