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600 Augusta Ave

GROTTOES, VA 24441
  • $251,000
  • STATUS: Closed
  • ON SITE: 576 days
  • MLS #: 598099
Sold - 03/05/2021
$251,000
SOLD - 03/05/2021
  • 0
    BEDS
  • 1.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,000
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Commercial
Area:

School Ratings & Info

Description

7,000 SF building includes separate buildable lot used for parking currently leased to Family Dollar. 8% CAP at list price! Family Dollar has (3) 5 year renewals with 10% rent increases. Gross rent: $25,850/year or $2154/monthly. Landlord responsible for: Roof, structure, major maintenance (any expense over $400), 4 roof top A/C units, mowing, lights, real estate taxes, insurance, parking lot. Tenant is responsible for: Inside minor maintenance, snow removal, and utilities. Landlord expenses average $4,410 per year.

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Listing information © 2021 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Real Estate III. Data last updated 2021-07-29T13:12:38.4.
www.jeffgaffney.com/homes/101934088
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600 Augusta Ave GROTTOES, VA 24441

  • Price: $268,000
  • Status: Closed
  • Updated: 39 min ago
  • MLS #: 598099
0
Beds
0
Baths
0
½ Baths
1.11
Acres
7,000
SQFT
$0
$/SQFT
Neighborhood:
Rockingham
Area:
Rockingham
Property Description
7,000 SF building includes separate buildable lot used for parking currently leased to Family Dollar. 8% CAP at list price! Family Dollar has (3) 5 year renewals with 10% rent increases. Gross rent: $25,850/year or $2154/monthly. Landlord responsible for: Roof, structure, major maintenance (any expense over $400), 4 roof top A/C units, mowing, lights, real estate taxes, insurance, parking lot. Tenant is responsible for: Inside minor maintenance, snow removal, and utilities. Landlord expenses average $4,410 per year.
Property Features

Property Type Building Tax Year 2019 Use Options AutomotiveInvestor-UserManufacturingRetailWarehouse Zoning B-1 Business General

Listing provided courtesy of Cottonwood Commercial Llc.


Listing information © 2021 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Real Estate III. Data last updated 2021-07-29T13:12:38.4.
 
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1430 Rolkin Court, Suite 101
Charlottesville VA, 22911