11702 Spotswood TRL Active Save Request In-Person Tour Request Virtual Tour
Elkton,VA 22827
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,650 sqft
Price per Sqft $109
MLS Listing ID 2520119
HOA Y/N No
Year Built 2013
Lot Size 1.590 Acres
Acres 1.59
Property Description
This property is being sold through a virtual auction, 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 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 income potential
Full Occupancy Potential: $87,528 annually
High-Traffic Location
BUILDING INVENTORY:
Brewery/Retail (917 sq ft) – Built 1942, renovated
Coffee Shop (312 sq ft) – Modern with covered porch
Retail (344 sq ft) – Shop with porch
Food Service (408 sq ft) – Includes hood system
Retail (300 sq ft) – VACANT
Warehouse (1,404 sq ft) – VACANT, built 2015
ADDITIONAL FEATURES:
Food truck lease: $14,400 annually
27 marked parking spaces
Covered walkways, pavilion
Monument signage
Public water/sewer, full utilities
B-1 zoning
ESTABLISHED TENANT BASE: 5 operating businesses incl. BrewHaHa Brewing, Nutt's About Coffee, and specialty shops. Strong renewal history through 2027.
All financials based on current undervalued leases.
Exclusive open houses by appointment: Monday, August 25th @ 3PM and Monday, September 2nd @ 3PM
Location
State VA
County Rockingham
Area 252 - Rockingham
Direction Main St Gordonsville to US 33 W.
Exterior
Total Parking Spaces 27
Building
Story 1
Level or Stories One
Others
Tax ID 129-6-2
Ownership Investment