$591,480
$451,000
31.1%For more information regarding the value of a property, please contact us for a free consultation.
2978 VALLEY AVE Winchester, VA 22601
2,303 SqFt
Key Details
Sold Price $591,480
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,303 sqft
Price per Sqft $256
MLS Listing ID VAWI2003168
Sold Date 07/17/23
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $3,406
Tax Year 2022
Lot Size 0.429 Acres
Acres 0.43
Property Description
This property is one of a portfolio of 12 residential and investment properties being sold at auction online ending on March 23d 2023 at 7:00 pm. The successful bidder on this property shall be required to execute a contract of sale with a $15,000 deposit on the purchase, settlement within 45 days of auction end.
****See Documents for Purchase Contract and Disclosure Documents****
****Unit 2980 Valley Avenue is obligated to a lease that is more than month to month****
This property located on busy high traffic Valley Avenue & Armour Dale and is between Rubbermaid & Wards Plaza. almost directly across from Subaru of Winchester & Super 6 Hotel. This property is one of a very few residential properties still on Valley Ave. With 7 rented units support a rental income of $4,385 monthly. This property with its GREAT LOCATION could possibly be rezoned commercial with lots of growth opportunities. Property currently has a small cottage with longer term tenant, larger building with 2 units. Included in this property are 3 mobile homes that are owned & one mobile home that pays a lot rent of $280 monthly.
Location
State VA
County Winchester City
Zoning B2 HIGHWAY BUSINESS DIST
Interior
Hot Water Electric
Heating Other
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Water Access N
Accessibility None
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Winchester City Public Schools
Others
Tax ID 330-02- - 7-
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Auction
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Bought with Daniel J Whitacre • Colony Realty
