11947 LEE HWY new to site Save Request In-Person Tour Request Virtual Tour
Sperryville,VA 22740
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,260 sqft
Price per Sqft $448
MLS Listing ID VARP2002052
Style Cottage
Year Built 1900
Annual Tax Amount $2,149
Tax Year 2022
Lot Size 1.370 Acres
Property Sub-Type Detached
Property Description
SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS.
A very rare offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale, present an outstanding opportunity for multi-family rental income. The sale includes two structures containing FOUR grandfathered residential units, ONE commercial unit. Further upside can be realized by finishing unused spaces, bringing current rents to market rate and even rehabbing an old fruit stand on the property.
This investment opportunity sits on the highly traveled Rt 211: a major artery seeing 2 million + vehicles per year and opportunistically near the Thornton Gap entrance to Shenandoah National Park. The property is zoned Highway Commercial, allowing for a multitude of by-right uses including short term rentals, retail, food service and hospitality.
Property is served by electric, propane, private well, town sewer and high speed is internet.
P&L available.
Location
State VA
County Rappahannock
Zoning HIGHWAY COMMERCIAL
Interior
Hot Water 60+ Gallon Tank
Heating Heat Pump(s)
Cooling Ductless/Mini-Split
Exterior
Garage Spaces 8.0
Utilities Available Propane,Electric Available,Sewer Available,Water Available
Water Access N
Roof Type Metal,Shingle,Asphalt
Building
Foundation Stone
Sewer Public Sewer
Water Well
Structure Type Dry Wall
New Construction N
Schools
School District Rappahannock County Public Schools
Others
Acceptable Financing Cash,Exchange,Contract,Conventional
Listing Terms Cash,Exchange,Contract,Conventional
Special Listing Condition Standard