Remarks

Subject to online sale ending 9/9 @ 2:00 PM, List price is opening offer amount and may not reflect the final sales price, seller is considering pre-auction offers, Public property tours 08/25 @ 3PM and 09/02 @ 3PM. PRIME COMMERCIAL INVESTMENT OPPORTUNITY This exceptional multi-tenant retail center sits on 1.59 acres along the heavily traveled Spotswood Trail (Route 33) in Elkton, Virginia, strategically positioned near the entrance to Massanutten Resort and popular Shenandoah Valley attractions. IMMEDIATE INCOME ENHANCEMENT: Current lease portfolio is priced below market standards due to family relationships and tenant service arrangements. Market analysis supports rent increases of 50-200% for select units upon renewal, offering new ownership immediate cash flow improvement without capital investment. Highlights 6 Buildings Total: 5 currently occupied, 2 vacant with immediate income potential Full Occupancy Potential: $87,528 annually High-Traffic Location. BUILDING INVENTORY: Brewery/Retail Building (917 sq ft) - Built 1942, recently renovated Coffee Shop (312 sq ft) - Modern retail space with covered porch Retail Space (344 sq ft) - Well-appointed shop with porch Food Service Space (408 sq ft) - Includes commercial hood system Retail Shop (300 sq ft) - VACANT - Immediate income opportunity Conditioned Warehouse (1,404 sq ft) - VACANT - Built 2015 ADDITIONAL FEATURES: Food truck land lease generating $14,400 annually 27 marked parking spaces with paved lot Covered walkways and central pavilion seating area Professional monument signage Public water/sewer, full utilities B-1 Commercial zoning ESTABLISHED TENANT BASE: Five operating businesses including BrewHaHa Brewing, Nutt's About Coffee, and specialty retail shops. Strong lease renewal history with terms extending through 2027. All financial information based on current undervalued leases. We're hosting exclusive open houses by appointment on: Monday, August 25th at 3:00 PM and Monday, September 2nd at 3:00 PM For terms and Conditions Visit https://www.dudleyresources.auction/auctions/detail/bw144327

Details

MLS#: 11534478
Price: $400,000

Style: Commercial
Bedrooms: 0
Baths Full: 0
Baths Half: 0
Sq Ft: 3650
Year Built: 2013

Tax Fee: 0

School District: 000000