$591,480
$451,000
31.1%For more information regarding the value of a property, please contact us for a free consultation.
2,303 SqFt
SOLD DATE : 07/17/2023
Key Details
Sold Price $591,480
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,303 sqft
Price per Sqft $256
MLS Listing ID VAWI2003168
Sold Date 07/17/23
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $3,406
Tax Year 2022
Lot Size 0.429 Acres
Acres 0.43
Property Description
This property is one of a portfolio of 12 residential and investment properties being sold at auction online ending on March 23d 2023 at 7:00 pm. The successful bidder on this property shall be required to execute a contract of sale with a $15,000 deposit on the purchase, settlement within 45 days of auction end.
****See Documents for Purchase Contract and Disclosure Documents****
****Unit 2980 Valley Avenue is obligated to a lease that is more than month to month****
This property located on busy high traffic Valley Avenue & Armour Dale and is between Rubbermaid & Wards Plaza. almost directly across from Subaru of Winchester & Super 6 Hotel. This property is one of a very few residential properties still on Valley Ave. With 7 rented units support a rental income of $4,385 monthly. This property with its GREAT LOCATION could possibly be rezoned commercial with lots of growth opportunities. Property currently has a small cottage with longer term tenant, larger building with 2 units. Included in this property are 3 mobile homes that are owned & one mobile home that pays a lot rent of $280 monthly.
Location
State VA
County Winchester City
Zoning B2 HIGHWAY BUSINESS DIST
Interior
Hot Water Electric
Heating Other
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Winchester City Public Schools
Others
Tax ID 330-02- - 7-
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Auction
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Bought with Daniel J Whitacre • Colony Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "