$ 565,000
-
$565,000
Price -
4
Bed -
2.5
Bath -
1,260
SqFt
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About the Listing CHRW1 - 3342588
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.
Listing Highlights for 11947 Lee Hwy
Status
Active
Days on Site
71
Property Type
Residential
MLS ®
VARP2002162
Year Built
1900
Total Square Footage
1,260
Lot/Acreage
1.37
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full / 1 Half
- Appliances:
- Air Cond: Ductless/Mini-Split,Window Unit(s),Central A/C
- Heating: Heat Pump - Electric BackUp,Central
- Fireplaces:
- Floor: Concrete,Wood,Solid Hardwood
- Above Ground Sq Ft: 1260
- Below Ground Sq Ft: 0
- Basement:
- Other: Main Floor Bedrooms: 4
- Water: Well
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: High by right use category including retail, hospitality, short term rental, food service, etc
- Roof: Shingle,Metal
- Others:
- Sewer: Public Sewer
- Parking Features: Off Street,Parking Lot
Financial Details
- Tax Amount: $2,149
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2022
Payment Calculator
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Listing Location
Questions About..
11947 Lee Hwy Sperryville, VA 22740
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