109 S KENT ST, Winchester, VA 22601
109 S KENT ST, Winchester, VA 22601
109 S KENT ST, Winchester, VA 22601
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Fran Valerio

Fran Valerio

+1(717) 602-0551
Listed by John Fox • Commercial Specialists
$229,900
Est. payment /mo
3,690 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID VAWI2007426

Year Built 1900

Annual Tax Amount $1,550

Tax Year 2022

Lot Size 3,690 Sqft

Acres 0.08

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Price has been reduced to $229,900! Current NOI is $21,178 or 9.2% CAP. Location is two blocks off the Winchester Downtown Walking Mall and one block from the Government and Judicial Center.

Currently the two-story mixed-use building is being leased to one tenant for commercial use. The B1 zoning allows residential over commercial as a by right use. Current Tenant has a lease through June 2026. We feel the highest and best use for this property is Residential on both floors, which requires a Conditional Use Permit. Full bathrooms on each floor make this a candidate for a quick "fix and flip" project. Purchase the property while it is being leased and plan your renovations and apply for Conditional Use Permit. This location is much better suited for multifamily residential. Let an SVN Advisor help guide you through the process and maximize the potential of this "bite sized" investment!

Location

State VA

County Winchester City

Zoning B1

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Flooring Wood

Heat Source Natural Gas

Exterior

Garage Spaces 3.0

Utilities Available Cable TV Available, Electric Available, Sewer Available, Water Available

Water Access N

Roof Type Metal

Accessibility None

Total Parking Spaces 3

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Virginia Avenue Charlotte Dehart

Middle Schools Daniel Morgan

High Schools John Handley

School District Winchester City Public Schools

Others

Tax ID 193-01-P- 25-

Ownership Fee Simple

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Fran Valerio
Fran Valerio

Listing Specialist, Team Leader | RS RS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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