$1,500,000
$1,650,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
7,560 SqFt
SOLD DATE : 02/15/2022
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 7,560 sqft
Price per Sqft $198
MLS Listing ID VAWR2000824
Sold Date 02/15/22
Originating Board BRIGHT
Year Built 1962
Annual Tax Amount $8,025
Tax Year 2021
Lot Size 0.850 Acres
Acres 0.85
Property Description
Nearly fully-Leased Medical Building for Sale; located directly across from Front Royal medical center. Ideal 1031 Exchange with additional income upside! All brick, 7K+ SF freestanding medical building, occupied by 2 long-time practitioners with third suite vacant and ready for reletting or end user occupancy. (Also ideal for practitioners looking for office space with residual income and room to expand!). Building is in excellent condition, fully updated and easy to maintain. Prominent and highly visible location, ample parking with additional green space for expansion! Long term leases in place with established practitioners. Few landlord responsibilities. Huge growth market! Proforma CAP Rate of 8.8%, Price $1.650,000.
Location
State VA
County Warren
Zoning R-3
Interior
Hot Water 60+ Gallon Tank
Heating Heat Pump(s)
Cooling Heat Pump(s)
Heat Source Electric
Exterior
Garage Spaces 35.0
Waterfront N
Water Access N
Accessibility Level Entry - Main
Parking Type Parking Lot
Total Parking Spaces 35
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Warren County Public Schools
Others
Tax ID 20A5 239 4A
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Gary Edell • 4Dimensional Real Estate Solutions, LLC
GET MORE INFORMATION