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- LoopNet Team
146 S Main St
Lexington, VA 24450
Lexington Medical Center · Office Property For Sale
Investment Highlights
- Excellent location; vibrant community; five separate lease sites; cap rate of 10.5%; well maintained property.
Property Facts
Amenities
- Controlled Access
- Security System
- Signage
- Storage Space
- Central Heating
- High Ceilings
- Partitioned Offices
- Drop Ceiling
- Wi-Fi
- Air Conditioning
About 146 S MAIN ST , LEXINGTON, VA 24450
One of the nicest commercial sites in downtown Lexington, Virginia, with superb visibility and high traffic count, located between the county library and the county administration center on Main Street. Over 10,000 sq ft of space of which approximately 5,000 sq ft is currently leased. Well suited for both professional (especially medical practices) and retail businesses. Five separate rental areas. Access to second level by two sets of stairs and an elevator. Off street parking with 24 parking spaces. Most of first floor rented. Improvements recently made to building. Building is well maintained. Property has a cap rate based on rental rolls of 10.5%. Lexington is in the heart of the beautiful Shenandoah Valley and is home to Washington and Lee University and the Virginia Military Institute. Once to a be a car dealership in the 1920's-19, service station on 2nd level, has steel frame with brick overlay
Property Taxes
| Parcel Number | 23 1 172 | Improvements Assessment | $443,300 |
| Land Assessment | $294,000 | Total Assessment | $737,300 |
Property Taxes
