$3,200,000
$3,500,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
321 HOPE DR Winchester, VA 22601
21,400 SqFt
Key Details
Sold Price $3,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 21,400 sqft
Price per Sqft $149
Subdivision Ward Plaza
MLS Listing ID 1003889647
Sold Date 09/30/16
HOA Y/N N
Originating Board MRIS
Year Built 2008
Annual Tax Amount $24,780
Tax Year 2015
Lot Size 2.708 Acres
Acres 2.71
Property Description
Valuable income-producing property; 21,400 SF on 2.7 ac. Fully occupied w/long-term leases; Social Security Admin(7500sf), Phelps Funeral Home(7200) and True Power Gym(6000) w/escalation clauses; cap rate 7%. All tenants paying NNN/CAM fees toward operating expenses. Most all operating expenses are passed through to tenants. Present aggregate annual gross income is approximately $274,600.00.
Location
State VA
County Winchester City
Zoning B2
Interior
Fireplace N
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Daniel Morgan
High Schools John Handley
School District Winchester City Public Schools
Others
Tax ID 10463
Ownership Fee Simple
Special Listing Condition Standard
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Bought with Marie C DiLorenzo • Oakcrest Commercial LLC.