Address
920 N Shenandoah Avenue Front Royal, VA
Price
$ 1,650,000
Property Attributes
  • MLS#VAWR2000824
  • TypeContingent
  • CountyWARREN
  • CityFront Royal
  • Zip22630
  • StyleInstitutional
  • Year Built1962
  • Taxes$ 8025
  • Price$ 1,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.85 Acres
Listing Provided Courtesy Of:
Greenfield & Craun Commercial
Data Source:
Bright MLS
Property Description

Nearly fully-Leased Medical Building for Sale; located directly across from Front Royal medical center. Ideal 1031 Exchange with additional income upside! All brick, 7K+ SF freestanding medical building, occupied by 2 long-time practitioners with third suite vacant and ready for reletting or end user occupancy. (Also ideal for practitioners looking for office space with residual income and room to expand!). Building is in excellent condition, fully updated and easy to maintain. Prominent and highly visible location, ample parking with additional green space for expansion! Long term leases in place with established practitioners. Few landlord responsibilities. Huge growth market! Proforma CAP Rate of 8.8%, Price $1.650,000.

Price History
9/28/2021 Listed $1,650,000

General Features

Accessibility Level Entry - Main
Business Type Institutional
Construction Materials Brick, Concrete
Cool Fuel Electric
Cooling Heat Pump(s)
County WARREN
Days on Market 81
Heating Heat Pump(s)
Legal Subdivision COLLEGE HTS
Lot Size Square Feet 37026.00
New Construction No
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 218.25
Property SubType Office
Property Type Commercial Sale
Sewer Public Sewer
Tax Annual Amount 8025.0
Tax Year 2021
Vacation Rental Y/N No
Water Access Y/N No
Zoning R-3

Interior Features

Central Air Y/N No
Heating Fuel Electric
Heating Y/N Yes
Hot Water 60+ Gallon Tank

Exterior Features

Building Area Total 7560.00
Car Parking Spaces 35
Lot Size Acres 0.85
Lot Size Source Estimated
Navigable Water Y/N No
Total Parking Spaces 35
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 22630

Price
AVG $440K
$1.65M
Taxes
AVG $2,082
$8,025
Visits
AVG 68
10
Year Built
AVG 1994
1962

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