11702 SPOTSWOOD TRL, ELKTON,VA 22827

$400,000

11702 SPOTSWOOD TRL, ELKTON, Virginia 22827 - $400,000

1.59 Acre
Marketed by Virginia Estates

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

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

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Property Details
Basic Details
Property Type : Land
Price : $400,000
Year Built : 2013
Lot : 1.59 Acre
Status : Active

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Features
: Other
: Other

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Address Map
US
VA
Shenandoah Valley
ROCKINGHAM
ELKTON
22827
W79° 17' 51.6''
N38° 23' 11.9''

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Additional Details
: B1
N
: Settlement
Public Sewer
: Public
$0
2023

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

    For Immediate Personal Service from a Local Agent

     

    Call (434) 409-4056

    deidre@virginiaestates.com







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    For immediate response contact Deidre Carpenter 434-409-4056, deidre@virginiaestates.com.
    Virginia Estates uses MLS data from Charlottesville Area Association of Realtors, Richmond Association of Realtors, Chesapeake Bay & Rivers Association, and Bright MLS to generate real estate listings for sale on this website. This information is deemed to be reliable, but not guaranteed. Virginia Estates has attempted to offer accurate data, but buyers are advised to confirm all items from IDX and from this website. Dudley Auctions Inc represents the interest of the seller 7576511729 VARO2002462. What is IDX? According to IDXBroker.com, IDX (Internet Data Exchange) allows agents and brokers to access and display MLS listing information on their real estate websites. Also known as Broker Reciprocity, the term "IDX" refers to the software, rules and regulations which allow MLS data to show on your site. This data feed typically encompasses the listing data for properties entered into the MLS system, while IDX rules may determine where, what, and how it is displayed.
    For buyer representation by Virginia Estates contact Deidre Carpenter 434-409-4056, deidre@virginiaestates.com.