This multi-tenant commercial property offers 10,296 sq. ft. of space on .49 acres with 9,525 sq. ft. of gross leasable area, including three separate units of approximately 3,175 sq. ft. each. Two units are currently leased, with a potential leaseback option available for the third. Situated along highly visible Route 360, this single-story property provides excellent exposure in the growing town of Warsaw. Don't miss this chance to own a solid investment property with immediate income potential! Please direct all inquiries to the listing agent. The sale includes the building only; businesses are not for sale.
Courtesy: Real Broker LLC
G Giambanco
804-380-5674
Discover a prime investment opportunity in the heart of Warsaw, Virginia! This meticulously renovated 12,600 sq. ft. strip center, situated on a 1.31-acre parcel, is offered as a package deal with an additional 1.52-acre parcel, totaling nearly 3 acres. Listed at $2,300,000 with an attractive 6.5% cap rate, this fully occupied commercial property boasts long-term leases, ensuring immediate cash flow and stability for investors. Property Highlights: - Size & Layout: 12,600 sq. ft. strip center, fully leased with established tenants. - Land: Combined 2.83 acres (1.31-acre main parcel + 1.52-acre adjacent parcel for future development). - Renovations: Completely updated with modern finishes, most HVAC units replaced, and a new roof for low maintenance. - Investment Potential: Strong 6.5% cap rate with long-term leases in place for consistent cash flow, plus the adjacent parcel offers development potential for additional income streams. - Location: Strategically located in Warsaw, VA, with excellent visibility and accessibility. This turnkey property is ideal for investors seeking immediate returns with the added bonus of future development opportunities. Don’t miss out on this rare chance to own a high-performing asset with multiple revenue streams.
Warsaw is located in Virginia. Warsaw, Virginia has a population of 2,281. Warsaw is less family-centric than the surrounding county with 24.77% of the households containing married families with children. The county average for households married with children is 29.3%.
The median household income in Warsaw, Virginia is $62,321. The median household income for the surrounding county is $57,697 compared to the national median of $69,021. The median age of people living in Warsaw is 40.2 years.
The average high temperature in July is 89.3 degrees, with an average low temperature in January of 28.1 degrees. The average rainfall is approximately 43.6 inches per year, with 11.3 inches of snow per year.
