About 53 E Lee St
A rare opportunity to acquire a mixed-use property in the heart of Old Town Warrenton. The top floor features a newly renovated photography studio operating under a 3-year lease, providing immediate rental income. The ground floor retail space—vacant and ready for occupancy—offers an excellent opportunity for an owner-user to establish their business in a prime, walkable location. With both units leased, the property has the potential to generate a cap rate of over 10%, making it a compelling cash-flowing asset. Positioned on a prominent corner with dual entrances, this property suits investors seeking income stability or owner-operators looking to offset costs with rental revenue. Owner financing or lease-to-own options may be considered.
Features of 53 E Lee St
| MLS® # | VAFQ2013418 |
|---|---|
| Price | $710,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,800 |
| Acres | 0.07 |
| Year Built | 1919 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active Under Contract |
Community Information
| Address | 53 E Lee St |
|---|---|
| City | WARRENTON |
| County | FAUQUIER-VA |
| State | VA |
| Zip Code | 20186 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Central |
|---|---|
| Cooling | Multi Units |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Brick and Siding |
|---|
School Information
| District | FAUQUIER COUNTY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | August 1st, 2024 |
|---|---|
| Days on Market | 234 |
| Zoning | CB |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Cres, Inc. |
|---|