Link Copied
$--,---,---
430
  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1260 sqft
Garage No
Taxes $2,149
Days Active 30
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $448
MLS® Number VARP2002162

Property Address: 

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

Description

SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. Cross listed as multi-family (VARP2002052) & single family ( VARP2002162) as grandfathered residential in a commercial zone. A very rare offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale as one parcel, present an outstanding opportunity for multi-family rental income. The sale includes two structures containing FOUR grandfathered residential units, ONE commercial unit. Further upside can be realized by finishing unused spaces, bringing current rents to market rate and even rehabbing an old fruit stand on the property. This investment opportunity sits on the highly traveled Rt 211: a major artery seeing 2 million + vehicles per year and opportunistically near the Thornton Gap entrance to Shenandoah National Park. The property is zoned Highway Commercial, allowing for a multitude of by-right uses including short term rentals, retail, food service and hospitality. Property is served by electric, propane, private well, town sewer and high speed is internet. P&L available.Show Description
MLS® NumberVARP2002162
Laundry Level
Central VacNo
FireplaceNo
Acreage1.37
Exterior
GarageNo
Approx. Age1900
Basement
Driveway
Garage Spaces
HeatCentral, Electric, Propane
A/CCentral Air, Ductless, Window Units
Heating Fuel

Extras

Similar Listings

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

Get notified of price or status changes by saving this listing