Sperryville, VA 22740,12018 LEE HWY
Sperryville, VA 22740,12018 LEE HWY
Sperryville, VA 22740,12018 LEE HWY
Sperryville, VA 22740,12018 LEE HWY
Sperryville, VA 22740,12018 LEE HWY
Sperryville, VA 22740,12018 LEE HWY
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$1,250,000

$1,500,000

16.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

13,410 SqFt


SOLD DATE : 01/22/2024

Key Details

Sold Price $1,250,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 13,410 sqft

Price per Sqft $93

MLS Listing ID VARP2001114

Sold Date 01/22/24

Originating Board BRIGHT

Year Built 1908

Annual Tax Amount $8,878

Tax Year 2022

Lot Size 4.116 Acres

Acres 4.12

Property Description

Don't miss this opportunity to own the iconic Schoolhouse building in the heart of Sperryville, VA. Over 50 years since last listed! This prime location at the corner of Routes 211 and 522 is currently home to a charming southern fare restaurant, vocational school, wine shop, art galleries and more. The historical Sperryville School was built in 1905 and sold by the School Board in 1968 when the new Rappahannock County High School was completed. The building then found new life as the Sperryville Emporium and became the largest business in Sperryville in the 1970s and 1980s. Prime location, 13,000+ sq. ft. commercial building, Thornton River frontage, generous parking lot. This property is truly one of a kind, in beautiful and desirable Rappahannock County. Current annual rental income, when fully occupied is $180,600.00. Recent improvements include a 50KW solar array, new Weill McClain boiler, and complete exterior paint job. The current solar array roughly reduces the building's utility cost by $10,000 per year. Lease information, profit and loss statements and utility information can be provided to qualified buyers.

Location

State VA

County Rappahannock

Zoning HIGHWAY COMMERCIAL

Interior

Hot Water Electric

Heating Heat Pump(s), Radiator, Solar On Grid, Zoned

Cooling Central A/C, Multi Units, Zoned, Solar On Grid

Equipment Negotiable

Heat Source Electric, Oil, Solar

Exterior

Garage Spaces 74.0

Waterfront Y

Water Access Y

Water Access Desc Canoe/Kayak

Roof Type Metal

Street Surface Paved

Accessibility 32\"+ wide Doors, Ramp - Main Level

Parking Type Parking Lot

Total Parking Spaces 74

Garage N

Building

Lot Description Road Frontage, Stream/Creek, Premium

Sewer Public Sewer

Water Private

New Construction N

Schools

School District Rappahannock County Public Schools

Others

Tax ID 38 65

Ownership Fee Simple

SqFt Source Assessor

Security Features Monitored,Surveillance Sys

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Aron L Weisgerber • Keller Williams Realty/Lee Beaver & Assoc.
Bought with Aron L Weisgerber • Keller Williams Realty/Lee Beaver & Assoc.
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7466 New Ridge Road Suite 1, Hanover, MD, 21076

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