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716 - 728 E QUEEN ST Strasburg, VA 22657
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Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 22,200 sqft
Price per Sqft $72
MLS Listing ID VASH119186
Sold Date 01/22/21
HOA Y/N N
Originating Board BRIGHT
Year Built 2007
Annual Tax Amount $13,203
Tax Year 2020
Lot Size 1.213 Acres
Acres 1.21
Property Description
Great Opportunity to own a mixed use (Office / Retail / Residential) income producing property. A two story commercial / residential building fronting on East Queen Street in Strasburg, Virginia commonly known as Queen Street Square. Built in 2007 on a 1.21 acre lot with over 22,000 sf and approximately 70 parking spaces. Building features include a sprinkler system, natural gas, direct 911 service access points, alarm system and elevator installed to provide for second floor handicap accessibility. Current layout includes 5 commercial units, 6 offices, 6 3 bedroom / 2 bath apartments and 2 efficiency apartments. Average length of current leases is 3.5 years for residential and 7 years for commercial. Major commercial tenant / anchor are the United States Department of Agriculture (USDA) occupying 40% of commercial space. USDA has occupied this space since July, 2008. Property is being offered at over a 7% Cap Rate and is being shown by appointment only.
Location
State VA
County Shenandoah
Zoning COMMERCIAL
Interior
Hot Water Electric, Natural Gas
Heating Heat Pump(s)
Cooling Heat Pump(s)
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 70.0
Water Access N
Accessibility Elevator
Total Parking Spaces 70
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Shenandoah County Public Schools
Others
Tax ID 025A4 A 143
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Raven M Gardner • Long & Foster Real Estate, Inc.