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$ 400,000
Est. payment /mo
New
11702 Spotswood TRL Elkton, VA 22827
3,650 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,650 sqft
Price per Sqft $109
MLS Listing ID 2520119
HOA Y/N No
Year Built 2013
Lot Size 1.590 Acres
Acres 1.59
Property Description
Exceptional 3,650 SF retail complex on 1.59 acres along high-traffic Route 33 in Elkton, VA, featuring multiple revenue streams with established tenants and significant upside potential. 5 occupied spaces including craft brewery, coffee shop, retail, and food service tenants, plus food truck lease, with full occupancy potential of $77,934 annually from 2 vacant spaces ready for immediate leasing. The property is located just off the highway near Massanutten Four Seasons Resort main entrance, benefiting from high tourism traffic to Shenandoah National Park and the growing brewery/winery tourism corridor. The buildings include a historic 1942 brewery, modern 2013 retail shops with covered porches commanding premium rents, and 2015 warehouse facility (1,404 SF with 3 roll-up doors) for versatile commercial use with public water/sewer, paved parking, and decorative signage. There is limited competition, and additional development potential on excess land. Rockingham County maintains 2.5% unemployment below state and national averages, supported by a strong local economy encompassing tourism, agriculture, and manufacturing, with proximity to James Madison University, OPENING BID: $400,000, CLOSE: 9/9 @ 2PM. Property sold subject to auction terms and conditions, all measurements and financial information are approximate and should be verified by the buyer.
Location
State VA
County Rockingham
Area 252 - Rockingham
Exterior
Total Parking Spaces 27
Building
Story 1
Level or Stories One
Others
Tax ID 129-6-2
Ownership Investment
Listed by Dudley Resources