11947 Lee Hwy, Sperryville, VA 22740

$559,000
: 4
BD
: 3
BA
: 1,260
SqFt

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List Price: $559,000
Days on Market: 204
Status: ACTIVE
MLS#: VARP2002456
Bedrooms: 4
Bathrooms: 3
Full Baths: 2
Half Baths: 1
Living Area: 1,260
Lot Size (Acres): 1.37
Style: Converted Dwelling
Year Built: 1900
County: Rappahannock
School District: Rappahannock County Public Schools

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Property Description

SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. Live in one unit and receive rental income from the rest! A very rare offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale as 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 unused spaces, bringing current 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.

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