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220 South St
Front Royal, VA 22630
Jiffy Lube · Retail Property For Sale
Investment Highlights
- Encompassing one retail building leased to Jiffy Lube with an on-site car wash
- 3.5 years remaining on current lease
- High visibility location along South Street in Front Royal
- Approximately 2,610 SF on 0.94 acres
- New owner can operate car wash
- Surrounded by national retailers, service businesses, and residential neighborhoods
Executive Summary
This investment opportunity features a single-tenant retail building leased to Jiffy Lube, complemented by an on-site car wash situated on a generous 0.94-acre parcel. The ±2,610 square foot building benefits from a highly visible location along South Street, offering strong exposure and convenient access to U.S. Route 340.
The property is currently leased with approximately 3.5 years remaining, providing in-place income with near-term upside. A new owner has the opportunity to operate the existing car wash, creating additional revenue potential.
The property is currently leased with approximately 3.5 years remaining, providing in-place income with near-term upside. A new owner has the opportunity to operate the existing car wash, creating additional revenue potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,520 SF
Building Class
B
Year Built
1998
Price
$2,005,000
Price Per SF
$266.62
Cap Rate
7.25%
NOI
$145,363
Percent Leased
100%
Building Height
1 Story
Building FAR
0.27
Lot Size
0.64 AC
Zoning
C1 - Neighborhood Commercial, intended for convenience shopping and small-scale businesses within residential areas
Parking
22 Spaces (2.93 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 20A814-4-18 | Improvements Assessment | $412,800 |
| Land Assessment | $493,000 | Total Assessment | $905,800 |
Property Taxes
Parcel Number
20A814-4-18
Land Assessment
$493,000
Improvements Assessment
$412,800
Total Assessment
$905,800
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