Property
Beds
4
Full Baths
2
1/2 Baths
1
Year Built
1900
Sq.Footage
1,260
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.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
2
-
1/2 Bathrooms
1
-
Above Grade Finished Area
1260.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Window Unit(s), Ductless, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Propane, Central, Heat Pump
-
Main Level Bedrooms
4
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Parking
Off Street, Parking Lot
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.37
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Converted Dwelling
Price
-
Sales Price
$559,000
-
Tax Amount
2149.0
-
Zoning
High by right use category including retail, hospitality, short term rental, food service, etc
-
Sq. Footage
1, 260
-
Price/SqFt
$443
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Accessibility Features
Accessible Doors
-
Foundation Details
Slab, Stone
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
5
-
Water Source
Well
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Location
County
RAPPAHANNOCK
Elementary School
Middle School
High School
Listing Courtesy of Robert Glenn Chapman IV , Cheri Woodard Realty
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