53 E LEE ST Under Contract Save Request In-Person Tour Request Virtual Tour
Warrenton,VA 20186
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID VAFQ2013418
Year Built 1919
Annual Tax Amount $1,098
Tax Year 2022
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 82x37
Property Sub-Type Retail
Source BRIGHT
Property Description
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.
Location
State VA
County Fauquier
Zoning CB
Interior
Hot Water 60+ Gallon Tank
Heating Central
Cooling Multi Units
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Doors - Swing In
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Fauquier County Public Schools
Others
Tax ID 6984-43-0283-002
Ownership Fee Simple
Special Listing Condition Standard