16 Main Street, Sperryville offers that increasingly hard-to-find combination of location, flexibility, income, and simplicity—right in the heart of one of Rappahannock County’s most recognizable villages. The property sits firmly in a flexible zoning district allowing for a number of by-right uses including Short Term Rentals, hospitality, dining, retail, offices, and more. The building is presently configured as two residential units. The main-level apartment is a spacious one-bedroom with two full baths, kitchen and flexible living/work space, while the upper level offers a separate two-bedroom apartment with kitchen and full bath. Importantly, the first floor was designed with flexibility in mind and can potentially be divided into two independent spaces—a commercial office with full bath and a separate efficiency apartment with kitchen and full bath—creating the possibility of a three-unit mixed-use configuration. Much of the heavy lifting has already been done. The building underwent an extensive renovation around 2001, including updated electrical and plumbing systems, and the two central HVAC systems were replaced in approximately 2018 and 2021. Private well, town sewer, durable metal roofing, straightforward grounds and an established rental history help make this an unusually manageable investment. And then there’s the address. Main Street properties don’t get manufactured. In a village like Sperryville—where restaurants, galleries, shops, breweries and the entrance to Shenandoah National Park continue to draw both locals and visitors—owning a piece of the commercial core offers something acreage alone cannot: position. In a market where rental housing is notoriously scarce and multifamily properties are exceptionally difficult to find, existing multi-unit buildings carry a built-in scarcity value. County zoning generally requires a special exception where multifamily is permitted at all—making properties like this far easier to own than to create. 16 Main Street is currently fully leased with extremely low / no vacancy. Offered at $549,000, 16 Main Street is an opportunity to acquire a fully occupied, low-maintenance income property today, with enough flexibility to adapt to whatever Sperryville becomes tomorrow. Listing Agent retains financial interest in property.
SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. A very rare multi-family income generating offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale on one parcel, present an outstanding opportunity for multi-family rental income. The sale includes two structures containing FOUR grandfathered residential units, ONE commercial unit. Further upside can be realized by finishing to lease unused spaces, bringing rents to market rate and even rehabbing an old fruit stand on the property. This investment opportunity sits on the highly traveled Rt 211: a major artery seeing 2 million + vehicles per year and opportunistically near the Thornton Gap entrance to Shenandoah National Park. The property is zoned Highway Commercial, allowing for a multitude of by-right uses including short term rentals, retail, food service and hospitality. Property is served by electric, propane, private well, town sewer and high speed is internet. P&L available.
Sperryville is located in Virginia. Sperryville, Virginia has a population of 244. Sperryville is less family-centric than the surrounding county with 0% of the households containing married families with children. The county average for households married with children is 22.28%.
The median household income in Sperryville, Virginia is $83,173. The median household income for the surrounding county is $90,307 compared to the national median of $69,021. The median age of people living in Sperryville is 59.6 years.
The average high temperature in July is 86.8 degrees, with an average low temperature in January of 22.6 degrees. The average rainfall is approximately 43.7 inches per year, with 21.7 inches of snow per year.
