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11928 Cherry Road
Fredericksburg, VA 22407
Phone: 540 785 2002
Fax: 540-785-2003
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$289,000 For Sale


0.86 acre lot
Commercial: Retail, Office, Shopping Center - MLS# WE9916329
Property Photo
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Description

Suites and stand-alone rental property at Shoppes of Lerty. Corner location at intersection of Kings Highway (Rt#3) and Stratford Hall Road. Excellent opportunity to own your own business space and have rental income for support, or buy as investment for net income. Near Historical Stratford Hall. Largest corner building has been gift shop for 15+ years and has 2426 Sf. 4 other suites/units

Features

  • Acres: 0.8627
  • Annual Gross Operating Income: 23400.0
  • Annual Net Operating Income: 18600.0
  • Annual Operating Expenses: 4800.0
  • Area: All Areas
  • Cooling: Electric
  • Cooling System: Heat Pump(s)
  • County/Area: Westmoreland
  • Days On Market: 104
  • Gross (Sq Ft) Building: 5,101
  • Gross Monthly Rent: $1950.0
  • Heating: Electric
  • Heating System: Heat Pump(s)
  • Hot Water: Electric
  • Listing Status: Active
  • Lot Size (SqFt): 37,579
  • Metering: Fully Separate
  • Net (Sq Ft) Building: 5,101
  • NOI (Net Operating Income): 18600.0
  • Original List Price: $289,000
  • Ownership: Fee Simple
  • Parking: Gravel Driveway
  • Property Condition: As-is condition, Shows Well
  • Property Type: Commercial
  • Road Frontage: 300
  • Sewer/Septic: Septic
  • Special Conditions Details: Standard
  • Stories: 1 Story
  • Sub Type: Retail, Office, Shopping Center
  • Water: Well - Shared
  • Year Built: 1995
  • Zip Code: 22520
  • Zoning: C-2

Courtesy of:

Equal Housing OpportunityMLS membershipREALTOR® certification