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    716 - 728 E Queen Street

    STRASBURG, VA 22657
    • $1,800,000
    • STATUS: Active Under Contract
    • ON SITE: 136 days
    • ID#: VASH119186
    Under Contract
    UPDATED: 61 min ago
    $1,800,000
    • 0
      BEDS
    • 1.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    2007
    County:

    School Ratings & Info

    Description

    Great Opportunity to own a mixed use (Office / Retail / Residential) income producing property. A two story commercial / residential building fronting on East Queen Street in Strasburg, Virginia commonly known as Queen Street Square. Built in 2007 on a 1.21 acre lot with over 22,000 sf and approximately 70 parking spaces. Building features include a sprinkler system, natural gas, direct 911 service access points, alarm system and elevator installed to provide for second floor handicap accessibility. Current layout includes 5 commercial units, 6 offices, 6 ~ 3 bedroom / 2 bath apartments and 2 efficiency apartments. Average length of current leases is 3.5 years for residential and 7 years for commercial. Major commercial tenant / anchor are the United States Department of Agriculture (USDA) occupying 40% of commercial space. USDA has occupied this space since July, 2008. Property is being offered at over a 7% Cap Rate and is being shown by appointment only.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Property Group | RE/MAX Community. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-29T10:52:33.113.
    www.njpremierhomes.com/homes/105913208
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    716 - 728 E Queen Street STRASBURG, VA 22657

    • Price: $1,800,000
    • Status: Active Under Contract
    • Updated: 61 min ago
    • ID#: VASH119186
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.21
    Acres
    2007
    Built
    County:
    Shenandoah
    School District:
    Shenandoah County Public Schools
    Property Description
    Great Opportunity to own a mixed use (Office / Retail / Residential) income producing property. A two story commercial / residential building fronting on East Queen Street in Strasburg, Virginia commonly known as Queen Street Square. Built in 2007 on a 1.21 acre lot with over 22,000 sf and approximately 70 parking spaces. Building features include a sprinkler system, natural gas, direct 911 service access points, alarm system and elevator installed to provide for second floor handicap accessibility. Current layout includes 5 commercial units, 6 offices, 6 ~ 3 bedroom / 2 bath apartments and 2 efficiency apartments. Average length of current leases is 3.5 years for residential and 7 years for commercial. Major commercial tenant / anchor are the United States Department of Agriculture (USDA) occupying 40% of commercial space. USDA has occupied this space since July, 2008. Property is being offered at over a 7% Cap Rate and is being shown by appointment only.
    Exterior Features

    Construction Materials AsphaltBrickFrameVinyl Siding Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 22200.00 Cooling Heat Pump(S) Heating Heat Pump(S) Heating YN Yes Net Square Feet 22200.00

    Property Features

    Accessibility Features Elevator Assessment Year 2019 Association YN No Business Type Apartment BuildingProfessionalRestaurant/Bar Central Air YN No Cooling Fuel ElectricNatural Gas Heating Fuel ElectricNatural Gas Hot Water ElectricNatural Gas Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304122789533 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 13203.00 Tax Assessment Amount 1650400.00 Vacation Rental YN No Water Source Public Zoning Commercial Zoning Description Community Commercial

    Listing courtesy of Sager Real Estate.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Property Group | RE/MAX Community. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-29T10:52:33.113.
     
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