Strasburg, VA 22657,716 - 728 E QUEEN ST
Strasburg, VA 22657,716 - 728 E QUEEN ST
Strasburg, VA 22657,716 - 728 E QUEEN ST
13
$1,600,000
$1,800,000
11.1%
Est.Price: ?

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22,200 SqFt

716 - 728 E QUEEN ST Strasburg, VA 22657

Est. payment /mo
SOLD DATE : 01/22/2021

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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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Bright MLS (BMLS)
Listed by Kevin F Smith • Sager Real Estate
Bought with Raven M Gardner • Long & Foster Real Estate, Inc.

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Josh Heller

Owner | License ID: RS338767 / NMLS #2348781

+1(717) 200-4148

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