17 S Madison St
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17 S Madison St
6,724 SF 100% Leased Retail Building Middleburg, VA 20117 £1,214,115 (£181/SF)
Investment Highlights
- Great location on corner lot in downtown Middleburg
- All spaces are fully rented
- Unique mixed use building with 2 commercial spaces and 4 rental apartments
Executive Summary
Wonderful commercial opportunity to purchase a mixed-use building fully rented in downtown historic Middleburg. This unique building anchors the corner of Madison and Federal Streets just one block south of the stoplight in the middle of town. Great investment property that offers two wonderful commercial store fronts facing Madison Street and 4 residential rental units accessed off Federal Street. Comes with 3 private parking spaces. The main building fronting Madison Street was said to be housing for the carriage drivers when they came through the town. The building has loads of charm with a stone and stucco front, large picture windows ideal for displays, dormered upper windows, and standing seam metal roof. Walk around the corner to find brick sidewalks that lead to three separate entrances to four 1–2-bedroom upper level and lower level apartments. Ideal location for walking to restaurants, groceries, post office and more. See documents for C-2 Zoning and History District information in the Documents section. Need at least 24-hour notice to show.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
6,724 SF
Building Class
C
Year Built
1988
Price
£1,214,115
Price Per SF
£181
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
2.21
Lot Size
0.07 AC
Zoning
MB:C-2 - Town Commercial District (see documents) Also located within the MIddleburg Town Historic District
Parking
3 Spaces (0.45 Spaces per 1,000 SF Leased)
Frontage
29 ft on S Madison St
Amenities
- Corner Lot
- Accent Lighting
- Recessed Lighting
- Balcony
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 538-18-4894 | Improvements Assessment | £336,271 |
Land Assessment | £250,734 | Total Assessment | £587,005 |
PROPERTY TAXES
Parcel Number
538-18-4894
Land Assessment
£250,734
Improvements Assessment
£336,271
Total Assessment
£587,005
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17 S Madison St
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