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398 Wythe Creek Rd 8,075 SF Retail Building Poquoson, VA 23662 $799,999 ($99.07/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- New Lease Term extension that expires 12/31/2027
- One (1) Five-Year renewal option
EXECUTIVE SUMMARY
PRICE DROP, LEASE RENEWED W/RENT INCREASE - New Lease Term extension that expires 12/31/2027!
Built in 1994 and renovated in 2017.
Built in 1994 and renovated in 2017.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,075 SF
Building Class
C
Year Built/Renovated
1994/2017
Price
$799,999
Price Per SF
$99.07
Cap Rate
9%
NOI
$72,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.00 AC
Zoning
B2 - General Business
Parking
36 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
216’ on Wythe Creek Rd
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-08-00-000A-1 | Improvements Assessment | $485,800 |
| Land Assessment | $384,100 | Total Assessment | $869,900 |
PROPERTY TAXES
Parcel Number
27-08-00-000A-1
Land Assessment
$384,100
Improvements Assessment
$485,800
Total Assessment
$869,900
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398 Wythe Creek Rd
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