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239 South St 8,486 SF 100% Leased Retail Building Front Royal, VA 22630 $2,950,000 ($347.63/SF)
Executive Summary
South Towne Center is a 12,270 SF mixed-use investment property situated on 1.20 acres in Front Royal, VA. The property includes 11,100 SF of commercial space and 1,170 SF of residential space with a current NOI of $197,373 and a 6.7% cap rate. Recent capital improvements include new roofs, updated LED lighting, and a newly paved/striped parking lot. Located along South Street (16,000 VPD), the property offers multiple access points, strong visibility, 62± parking spaces, and value-add potential through converting leases to NNN.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,486 SF
Building Class
C
Year Built
1998
Price
$2,950,000
Price Per SF
$347.63
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.34 AC
Zoning
C-1 - This district is intended for areas suitable for the conduct of general business
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,040,524 | |
| Land Assessment | $587,100 | Total Assessment | $1,627,624 |
Property Taxes
Parcel Numbers
Land Assessment
$587,100
Improvements Assessment
$1,040,524
Total Assessment
$1,627,624
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