11947 LEE Hwy, Sperryville, VA 22740
- Sqft
- 1,260
View property features, location on map, relevant school information and overview from seller's agent.
- 1
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Overview
SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS.
A very rare multi-family income generating offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale on 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 to lease unused spaces, bringing 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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 1,260
- Lot size (acres)
- 1.37
- Year built
- 1900
Exterior features
- Horse amenities
- Stable
Utilities
- Heating
- Electric
- Sewer
- Public Sewer
- Water
- Well
Taxes
- Tax Annual Amount (2022)
- $2,149
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Bright MLS MLS®#: VARP2002446 Last checked: …
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