Discover a unique investment opportunity in the heart of Elkton! Welcome to The Loading Dock, a versatile 11,916 SF commercial property ideally situated in the Town of Elkton, VA. This well-maintained building has seen numerous updates and is fully leased, making it a prime option for an investor or owner-operator ready to step in and manage. Current tenants include a salon, professional office, a vintage retail shop, a church, and a Pilates studio, offering a diverse and stable income stream. Zoned B-1, this property supports a wide range of commercial uses. Additional highlights include 8 dedicated parking spaces with abundant public parking nearby, ensuring easy access for tenants and customers alike. This is a rare chance to own a prominent income-producing property in a thriving community location.
Subject to online sale ending 9/9 @ 2:00 PM, List price is opening offer amount and may not reflect the final sales price, seller is considering pre-auction offers, Public property tours 08/25 @ 3PM and 09/02 @ 3PM. PRIME COMMERCIAL INVESTMENT OPPORTUNITY This exceptional multi-tenant retail center sits on 1.59 acres along the heavily traveled Spotswood Trail (Route 33) in Elkton, Virginia, strategically positioned near the entrance to Massanutten Resort and popular Shenandoah Valley attractions. IMMEDIATE INCOME ENHANCEMENT: Current lease portfolio is priced below market standards due to family relationships and tenant service arrangements. Market analysis supports rent increases of 50-200% for select units upon renewal, offering new ownership immediate cash flow improvement without capital investment. Highlights 6 Buildings Total: 5 currently occupied, 2 vacant with immediate income potential Full Occupancy Potential: $87,528 annually High-Traffic Location. BUILDING INVENTORY: Brewery/Retail Building (917 sq ft) - Built 1942, recently renovated Coffee Shop (312 sq ft) - Modern retail space with covered porch Retail Space (344 sq ft) - Well-appointed shop with porch Food Service Space (408 sq ft) - Includes commercial hood system Retail Shop (300 sq ft) - VACANT - Immediate income opportunity Conditioned Warehouse (1,404 sq ft) - VACANT - Built 2015 ADDITIONAL FEATURES: Food truck land lease generating $14,400 annually 27 marked parking spaces with paved lot Covered walkways and central pavilion seating area Professional monument signage Public water/sewer, full utilities B-1 Commercial zoning ESTABLISHED TENANT BASE: Five operating businesses including BrewHaHa Brewing, Nutt's About Coffee, and specialty retail shops. Strong lease renewal history with terms extending through 2027. All financial information based on current undervalued leases. We're hosting exclusive open houses by appointment on: Monday, August 25th at 3:00 PM and Monday, September 2nd at 3:00 PM
Courtesy: Old Dominion Realty Inc
540-433-2454
Excellent Investment On the Main Drag In Elkton! Successful Antique/Thrift Store On The Main Level With Great Visibility, And Plenty Of Parking. There Is Currently No HVAC Servicing The 1st Floor. The 2nd Floor Offers A Large 1265 SF Residential Apartment. 3 Bedrooms 1 Full Bath, Kitchen, Dining And Office. There Is An Inside And Outside Entry To The Apartment. Situated On 4 Town Lots With Lots Of Possibilities!!!
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Elkton is located in Virginia. Elkton, Virginia has a population of 2,938. Elkton is less family-centric than the surrounding county with 19.29% of the households containing married families with children. The county average for households married with children is 31.36%.
The median household income in Elkton, Virginia is $53,750. The median household income for the surrounding county is $67,484 compared to the national median of $69,021. The median age of people living in Elkton is 42.3 years.
The average high temperature in July is 85.1 degrees, with an average low temperature in January of 20.3 degrees. The average rainfall is approximately 39.8 inches per year, with 18.9 inches of snow per year.
