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2970 & 2978 Valley Avenue 2970 Valley Ave

3,840 SF Light Industrial Building Winchester, VA 22601 £1,056,308 (£275/SF)

Investment Highlights

  • Great High Traffic, High Visibility Location
  • Properties May also Be Leased
  • Sale Includes Two Commercial Properties

Executive Summary

1.15 acres located at 2970 and 2978 Valley Avenue featuring a former used car lot that will offer enough area to display area for 30-40 cars. There is public water and sewer available. 2978 Valley Avenue features 5 rental units producing gross monthly revenue of approximately $4,000.00. The list price for purchase is $1,350,000 for both properties with 1.15 acres. Both properties can be ground leased for $6,000.00 monthly. If someone elects to ground lease only the former used car lot, the ground lease will be $3,500.00 monthly. The used car lot does not have an office building. An office building would have to be built or a mobile office could be utilized.

Property Facts

Price £1,056,308
Price Per SF £275
Sale Type Investment or Owner User
Property Type Light Industrial
Property Subtype
Showroom
  • General Retail Auto Repair
Building Class C
Lot Size 1.16 AC
Rentable Building Area 3,840 SF
Number of Floors 2
Year Built 1951
Tenancy Single
Level Access Doors 4

Utilities

  • Lighting
  • Water
  • Sewer

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 330-02-5
  • 330-02-7
Land Assessment
£392,555
Improvements Assessment
£241,855
Total Assessment
£634,410

zoning

Zoning Code B-2
B-2
  • Listing ID: 29866690

  • Date on Market: 24/10/2023

  • Last Updated:

  • Address: 2970 Valley Ave, Winchester, VA 22601

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