205 Brick Kiln Rd, Winchester, VA 22601

$2,200,000

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List Price
$2,200,000
Status
ACTIVE
Days on Market
85
MLS#
VAFV2041492
Year Built
1952
Lot Size
52,272
Acres
1.20

Property Description

OakCrest Commercial is pleased to present the opportunity to acquire an industrial property located at 205 Brick Kiln Road in Winchester, Virginia. The property consists of approximately 24,753 ± square feet situated on 1.2 acres and benefits from rare M-2 zoning near the Winchester City/Frederick County line. The asset is offered for sale at $2,200,000. The building is configured into three suites totaling approximately 24,753 ± SF, with one suite currently vacant. The available suite comprises approximately 11,600 ± SF and features a functional industrial/flex layout, including approximately 1,800 ± SF of office/mezzanine and 9,800 ± SF of warehouse space. The space includes loading, 3-phase power, and on-site parking, making it well suited for contractor, service, light production, or distribution users. The property currently generates $92,499.96 in-place NOI, reflecting income from the two occupied suites. The vacant suite is not contributing income at this time but represents a near-term lease-up opportunity. Upon stabilization, assuming lease-up at the current asking rent of $8,691 per month on a triple net basis, the property is projected to generate $196,791.96 in NOI. This offering presents an opportunity to acquire an asset with current cash flow and meaningful upside through lease-up, with flexibility for both investors and potential owner-users.

Additional Information

Taxes
$6,156
Zoning
M2
Heating
Heat Pump(s)
Air Conditioning
Central A/C
School District
Frederick County Public Schools

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Listing courtesy of Oakcrest Commercial Real Estate. Contact: