$1,600,000
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754-758 S Main Street Woodstock, VA 22664
Other
Residence
Beds
Baths
214,751
Sq. Ft.
4.97
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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Woodstock corridor of growth, just south of Downtown, next to Massanutten Military Academy. The property in front of this 5 acre parcel was previously approved SUP for a mixed use project, containing 48 apartments over commercial, paving the way for additional development at this site. SUP has expir...ed July 2023, needs renewed! Add to this central location the much touted "Rails to Trails" project that runs along the western border of this property if and when it is finally approved. The 5 acres is improved by two houses, one apartment building and metal commercial building leased to a body shop and towing company. The property is fully leased contributing a current income of over $106,000. Terrific income, while you rezone this property with a TND Overlay plan and phase in your Multi-Family redevelopment project at this site. Asking price is $1,550,000 at a 6.8% Cap Rate. Below market rents and the Multi-Family development potential at this site makes this a project you will want to take a closer look at. Imagine the possibilities!
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MLS#
VASH2003998
Property Type
Other
Year Built
1980
Square Feet
214,751
sq. ft
Price per Sq. Ft.
$286.02
Lot Size
4.97
Sewer
Public Sewer
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