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2640 Valley Ave, WINCHESTER, VA – $2,650,000

  • $2.7M Price
  • 30,000 Sqft
  • 1.61 Acres
  • 123 DOM
  • $2.7M Price
  • 30,000 Sqft
  • 1.61 Acres
  • 123 DOM

2640 Valley Ave

Whale of An Investment Opportunity! 20 meticulous and spacious 1-bedroom apartment units PLUS 15,000 SF of retail on busy Valley Avenue, Winchester. Almost all units have recently been renovated top to bottom with new vinyl flooring, paint, appliances, cabinets, stackable washer/dryers, plumbing, light fixtures, new windows, and 15 have new HVAC units! This all-masonry building is virtually like-new with asbestos remediation completed too. Great tenancy with quality occupants. Very well maintained with pride of ownership that includes security cameras and bright exterior and interior lighting throughout. Dedicated parking for tenants. Lifetime roof warranty to convey. Commercial square footage includes 3000 SF leased to long term tenant and 12K SF recently vacated. Vacated square footage ideal for single tenant re-let or multi-tenant re-letting; potential tenants could include fitness facility, physical therapy clinic, modern laundromat, or re-purposed into temp- controlled mini storage by owner/operator. Zoned B2 for a variety of retail, service or professional office use. Lease space marketed for $8 PSF NNN. Grandfathered, over-size signage on Valley Ave for multiple businesses. Excellent storefront parking and window display. Fully sprinkled in commercial space. 480 vt/3 phase electric. One roll up, on-grade door with staging area. Clear span for maximum open concept or reconfiguration. Exceptional maintenance history. Potential Gross Annual Income at Full Occupancy Exceeding $326K. List price $2,650,000.00.

Essential Information

  • MLS® #VAWI112586
  • Price$2,650,000
  • Bathrooms0.00
  • Square Footage30,000
  • Acres1.61
  • Year Built1962
  • TypeCommercial Sale
  • Sub-TypeFive Or More Units
  • StatusActive Under Contract

Community Information

  • Address2640 Valley Ave
  • CityWINCHESTER
  • CountyWINCHESTER CITY-VA
  • StateVA
  • Zip Code22601

Amenities

  • UtilitiesUnder Ground

Interior

  • HeatingForced Air
  • CoolingCentral A/C
  • # of Stories1

Exterior

  • ExteriorBlock
  • RoofMetal

School Information

  • DistrictWINCHESTER CITY PUBLIC SCHOOLS

Additional Information

  • Date ListedMay 28th, 2019
  • Days on Market123
  • ZoningB2

Listing Details

  • Listing AgentJohn Willingham
  • Listing OfficeGreenfield & Craun Commercial
  • Listing Office Phone5406629937
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