11702 Spotswood Trl, Home with 0 bedrooms, 0 bathrooms and 27 parking in ELKTON VA | Image 1

$400,000

11702 Spotswood Trl, Elkton, VA

Name: 11702 Spotswood Trl, For Sale in ELKTON - eXp Commercial Brokerage
Brand: Dudley Resources
SKU: 2520119
Price: 400000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes

Days Active 13

Approx. Age 2013

MLS® Number 2520119

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

This property is being sold through a virtual auction, Subject to online sale ending 9/9 @ 2:00 PM. List price is opening offer amount and may not reflect the final sales price. Seller is considering pre-auction offers. Public property tours: 08/25 @ 3PM and 09/02 @ 3PM. PRIME COMMERCIAL INVESTMENT OPPORTUNITY This exceptional multi-tenant retail center sits on 1.59 acres along the heavily traveled Spotswood Trail (Route 33) in Elkton, Virginia, strategically positioned near the entrance to Massanutten Resort and Shenandoah Valley attractions. IMMEDIATE INCOME ENHANCEMENT: Current lease portfolio is priced below market standards due to family relationships and tenant service arrangements. Market analysis supports rent increases of 50–200% for select units upon renewal, offering new ownership immediate cash flow improvement without capital investment. Highlights: 6 Buildings Total: 5 currently occupied, 2 vacant with income potential Full Occupancy Potential: $87, 528 annually High-Traffic Location BUILDING INVENTORY: Brewery/Retail (917 sq ft) – Built 1942, renovated Coffee Shop (312 sq ft) – Modern with covered porch Retail (344 sq ft) – Shop with porch Food Service (408 sq ft) – Includes hood system Retail (300 sq ft) – VACANT Warehouse (1, 404 sq ft) – VACANT, built 2015 ADDITIONAL FEATURES: Food truck lease: $14, 400 annually 27 marked parking spaces Covered walkways, pavilion Monument signage Public water/sewer, full utilities B-1 zoning ESTABLISHED TENANT BASE: 5 operating businesses incl. BrewHaHa Brewing, Nutt's About Coffee, and specialty shops. Strong renewal history through 2027. All financials based on current undervalued leases. Exclusive open houses by appointment: Monday, August 25th @ 3PM and Monday, September 2nd @ 3PMShow Description

MLS® Number2520119

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age2013

Stories1

Pets

Corp Number

Included in Maintenance Fee

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Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

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