11947 Lee Highway Sperryville, VA 22740

$559,000
4
Beds
2.5
Baths
1.37
Acres
1,260
SQFT
444
$/SQFT
$559,000
4
Beds
2.5
Baths
1,260   sf
$444 / sf
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active
1/61
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SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. Live in one unit and receive rental income from the rest! A very rare offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale as one parcel, present an outstanding opportunity for multi-family rental income. The sale includes two structures containing FOUR grandfathered residential units, ONE commercial unit. Further upside can be realized by finishing unused spaces, bringing current rents to market rate and even rehabbing an old fruit stand on the property. This investment opportunity sits on the highly traveled Rt 211: a major artery seeing 2 million + vehicles per year and opportunistically near the Thornton Gap entrance to Shenandoah National Park. The property is zoned Highway Commercial, allowing for a multitude of by-right uses including short term rentals, retail, food service and hospitality. Property is served by electric, propane, private well, town sewer and high speed is internet. P&L available.

SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. Live in one unit and receive rental income from the rest! A very rare offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale as one parcel, present an outstanding opportunity for multi-family rental income. The sale includes two structures containing FOUR grandfathered residential units, ONE commercial unit. Further upside can be realized by finishing unused spaces, bringing current rents to market rate and even rehabbing an old fruit stand on the property. This investment opportunity sits on the highly traveled Rt 211: a major artery seeing 2 million + vehicles per year and opportunistically near the Thornton Gap entrance to Shenandoah National Park. The property is zoned Highway Commercial, allowing for a multitude of by-right uses including short term rentals, retail, food service and hospitality. Property is served by electric, propane, private well, town sewer and high speed is internet. P&L available.

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Rappahannock
  • Tax Amount
    $2,149
  • Status
    Active
  • Listing #
    VARP2002456
  • Built
    1900
  • Lot Size
    1.37
  • Listed on site
    146 days
  • Listing Agent Id
    1700004389676

Listed by:
Cheri Woodard Realty

Source:
BRIGHT MLS

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School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions
  • Sewer

Exterior features

  • No Pool
  • Parking Off-Street

Interior Features

  • Central Air Conditioning
  • Wood Floors
  • Heat Electric
  • Main Floor Bedroom

Style

  • Two Story
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