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5348 Ararat Hwy 1,800 SF 100% Leased Retail Building Ararat, VA 24053 $1,700,000 ($944.44/SF)
Investment Highlights
- Full-service store featuring upgraded interior, deli equipment, HVAC, septic system, and a newly added beer cave.
- Strong location with proven performance and significant potential for future growth and upside.
- Recently renovated to drive high sales volume and improved operational efficiency.
Executive Summary
Full-service store with a strong location and significant improvements. The property includes deli equipment, HVAC system, septic system, upgraded interior, and an added beer cave. The business is continuously improving, and after the renovation it has become a high-volume store with strong potential for future growth and additional upside.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
1,800 SF
Building Class
C
Year Built
1977
Price
$1,700,000
Price Per SF
$944.44
Percent Leased
100%
Building Height
1 Story
Building FAR
0.02
Lot Size
1.74 AC
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 41100044 | Improvements Assessment | $118,500 |
| Land Assessment | $44,600 | Total Assessment | $163,100 |
Property Taxes
Parcel Number
41100044
Land Assessment
$44,600
Improvements Assessment
$118,500
Total Assessment
$163,100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
5348 Ararat Hwy