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398 Wythe Creek Rd

8,075 SF Retail Building Poquoson, VA 23662 £670,718 (£83/SF) 6.98% Net Initial Yield

Investment Highlights

  • New Lease Term extension that expires 12/31/2024
  • Two (2) Five-Year Options

Executive Summary

LEASE RENEWED W/RENT INCREASE - New Lease Term extension that expires 12/31/2027!
Built in 1994 and renovated in 2017.

Attachments

OM

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,075 SF
Building Class
C
Year Built/Renovated
1994/2017
Price
£670,718
Price Per SF
£83
Net Initial Yield
6.98%
NOI
£46,816
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
1.00 AC
Zoning
B2 - General Business
Parking
36 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
216 ft on Wythe Creek Rd

Amenities

  • Bus Route
  • Pylon Sign
  • Signage
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398 Wythe Creek Rd, Poquoson, VA - aerial map view - Image1
398 Wythe Creek Rd, Poquoson, VA - aerial map view - Image2
398 Wythe Creek Rd, Poquoson, VA - aerial map view - Image3

PROPERTY TAXES

Parcel Number 27-08-00-000A-1 Improvements Assessment £357,006
Land Assessment £301,152 Total Assessment £658,157

PROPERTY TAXES

Parcel Number
27-08-00-000A-1
Land Assessment
£301,152
Improvements Assessment
£357,006
Total Assessment
£658,157
(703) 999-3390

  • Listing ID: 29545174

  • Date on Market: 17/09/2023

  • Last Updated:

  • Address: 398 Wythe Creek Rd, Poquoson, VA 23662

The Retail Property at 398 Wythe Creek Rd, Poquoson, VA 23662 is currently available For Sale. Contact Samson Properties for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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398 Wythe Creek Rd, Poquoson, VA for sale Primary Photo- Image 1 of 7
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398 Wythe Creek Rd, Poquoson, VA for sale Aerial- Image 2 of 7
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398 Wythe Creek Rd, Poquoson, VA for sale Building Photo- Image 3 of 7
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398 Wythe Creek Rd, Poquoson, VA for sale Aerial- Image 6 of 7
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© 2024 CoStar Group

398 Wythe Creek Rd
(703) 999-3390 x

398 Wythe Creek Rd

Sean Hopkins

(703) 999-3390

(703) 999-3390

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