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602 Radham St - Two Multi-use Commercial Buildings: 602 & 604 2,190 SF Specialty Building Offered at $575,000 at a 6.68% Cap Rate in Front Royal, VA 22630
INVESTMENT HIGHLIGHTS
- Ideally located for small business such as medical offices, general office, retail, restaurant, fast food franchise
- Currently rented with positive cash flow
EXECUTIVE SUMMARY
Front Royal, Virginia is a very fast growing town located within minutes of Interstate 66 and less than one hour from the D.C. metro area. Scenic views of the Shenandoah Mountains surround the charming city. The sale consists of two fee simple all brick buildings; each approximately 1100 finished sq. ft. Both are currently rented. The multi-parcel property is approximately 1 acre, zoned C-1. There is minimal portion in flood plain (South and not near buildings) and multiple parcels to the North for additional commercial development expansion. Extremely high visibility and located at one of the highest traffic counts in the town; The intersection of East Stonewall and South Commerce.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$84,096,000
|
$38,400.00
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $84,096,000 |
| Annual Per SF | $38,400.00 |
PROPERTY FACTS
| Price | $575,000 | Property Type | Specialty |
| Price Per SF | $262.56 | Building Size | 2,190 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 6.68% | Year Built/Renovated | 1910/2024 |
| Zoning | C-1 - C-1 permits just about every type of business use except industrial. The entire propety consists of eight parcels. See documents. | ||
| Price | $575,000 |
| Price Per SF | $262.56 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.68% |
| Property Type | Specialty |
| Building Size | 2,190 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2024 |
| Zoning | C-1 - C-1 permits just about every type of business use except industrial. The entire propety consists of eight parcels. See documents. |
Walk Score®
Very Walkable (80)
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602 Radham St - Two Multi-use Commercial Buildings: 602 & 604
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