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Becky Shaible

[email protected] +1(570) 971-7833

Listed by Tim O. Dudley • Dudley Auctions Inc

$ 400,000

Est. payment -/mo

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Active

11702 SPOTSWOOD TRL Elkton, VA 22827

69,260 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 69,260 sqft

Price per Sqft $5

MLS Listing ID VARO2002462

Year Built 2013

Tax Year 2023

Lot Size 1.590 Acres

Acres 1.59

Property Sub-Type Retail

Source BRIGHT

Property Description

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

Location

State VA

County Rockingham

Zoning B1

Interior

Hot Water Other

Heating Other

Cooling Other

Heat Source Other

Exterior

Garage Spaces 27.0

Water Access N

Accessibility Level Entry - Main

Total Parking Spaces 27

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Mcgaheysville

Middle Schools Elkton

High Schools Spotswood

School District Rockingham County Public Schools

Others

Tax ID 129 6 2

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Auction

Becky Shaible

Marketing Real Estate at the Highest Level in PA | UnknownRS343194

+1(570) 971-7833

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Williamsport, PA

Becky Shaible

11702 SPOTSWOOD TRL Elkton, VA 22827

Key Details

Location

Interior

Exterior

Building

Schools

Others

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11702 SPOTSWOOD TRL