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Bright Center 9 N Loudoun St 34,252 SF 100% Leased Office Building Winchester, VA 22601 $3,999,000 ($116.75/SF) 6.17% Cap Rate
EXECUTIVE SUMMARY
Introducing a unique investment opportunity in the heart of Historic Downtown Winchester! The iconic Leggetts Building, located on the vibrant Pedestrian Mall, offers three addresses in one with a diverse tenant base across three finished floors of retail and office space. This well-maintained building features access from both Loudoun Street and Indian Alley, providing excellent foot traffic and visibility. Highlights include the Bright Center, once home to Winchester's first escalator, now a charming carpeted staircase in the Bright Box Theater. Other key tenants include Worlds Away Escape Room and Exotic Himalayan Shop, adding to the building's eclectic appeal.
Professionally managed and just steps from Boscawen Street, this property is surrounded by historic landmarks, including the Shenandoah Valley Civil War Museum. With a cap rate of approximately 6.17%, this is an incredible opportunity for investors looking to own a piece of Winchester's history while enjoying steady returns. Don't miss out on this prime location - perfect for retail and office space in a thriving downtown area!
Professionally managed and just steps from Boscawen Street, this property is surrounded by historic landmarks, including the Shenandoah Valley Civil War Museum. With a cap rate of approximately 6.17%, this is an incredible opportunity for investors looking to own a piece of Winchester's history while enjoying steady returns. Don't miss out on this prime location - perfect for retail and office space in a thriving downtown area!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
34,252 SF
Building Class
B
Year Built/Renovated
1900/2005
Price
$3,999,000
Price Per SF
$116.75
Cap Rate
6.17%
NOI
$246,738
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,417 SF
Slab To Slab
9’
Building FAR
2.13
Lot Size
0.37 AC
Zoning
B1 - Central Business District. Allows a variety of businesses, including small shops, to operate in areas where the public has frequent access.
AMENITIES
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Security System
- Fully Carpeted
- Reception
- Air Conditioning
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Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 193-01-B-6 | Improvements Assessment | $3,149,500 |
| Land Assessment | $239,000 | Total Assessment | $3,388,500 |
PROPERTY TAXES
Parcel Number
193-01-B-6
Land Assessment
$239,000
Improvements Assessment
$3,149,500
Total Assessment
$3,388,500
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Bright Center | 9 N Loudoun St
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