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Elkton,VA 22827
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID VARO2002462
Year Built 2013
Tax Year 2023
Lot Size 1.060 Acres
Acres 1.06
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Exceptional 3,650 SF retail complex on 1.59 acres along high-traffic Route 33 in Elkton, VA, featuring multiple revenue streams with established tenants and significant upside potential. 5 occupied spaces including craft brewery, coffee shop, retail, and food service tenants, plus food truck lease, with full occupancy potential of $77,934 annually from 2 vacant spaces ready for immediate leasing. The property is located just off the highway near Massanutten Four Seasons Resort main entrance, benefiting from high tourism traffic to Shenandoah National Park and the growing brewery/winery tourism corridor. The buildings include a historic 1942 brewery, modern 2013 retail shops with covered porches commanding premium rents, and 2015 warehouse facility (1,404 SF with 3 roll-up doors) for versatile commercial use with public water/sewer, paved parking, and decorative signage. There is limited competition, and additional development potential on excess land. Rockingham County maintains 2.5% unemployment below state and national averages, supported by a strong local economy encompassing tourism, agriculture, and manufacturing, with proximity to James Madison University, OPENING BID: $400,000, CLOSE: 9/9 @ 2PM. Property sold subject to auction terms and conditions, all measurements and financial information are approximate and should be verified by the buyer.
Location
State VA
County Rockingham
Zoning B1
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 27.0
Water Access N
Accessibility Level Entry - Main
Total Parking Spaces 27
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Mcgaheysville
Middle Schools Elkton
High Schools Spotswood
School District Rockingham County Public Schools
Others
Tax ID 129 6 2
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Other
Listing Terms Cash,Other
Financing Cash,Other
Special Listing Condition Auction