4,445 Square Foot Retail Space For Sale @ 18 West Boscawen Street

Two adjoined buildings a half block from the epicenter of the City of Winchester at the walking mall. Walking is minutes from City Hall, Frederick County Office and Judicial Center. Building has four units, one retail and one office space over in the stone building, and one retail and one office space over in the brick building. Building complex is 75% leased with long term lessees. Office space in stone building is presently being marketed at $900 mo. NNN. All leases NNN with very limited landlord responsibility. Tenants pay fair share of taxes and insurance as well as all their utilities and maintenance of HVAC and plumbing. With present tenant base, NNN income is $2,875 per month resulting in a 7.67 CAP. When fully occupied, income will result in a 10+ CAP. Two parking spaces in rear of building included in rent for two spaces in brick building. Owner is licensed real estate agent. Variable Rate Commission.

Sales Info:
■ Commision split: 4.0%

Location Description:
Winchester Virginia, the new focus for commercial growth in Northern Virginia. As quoted in Southern Business and Development magazine, Winchester was named as one of the Ten Strong Economies You May Not Have Noticed, along with Birmingham Alabama, Louisville Kentucky and Oklahoma City. Chamura's predicts strong growth for Winchester, with employment growth at 2.2% and salaries to increase at a rate of 6.5%. The latest data available showed an increase of 16.9% in high-tech employment. Also predicted are an increase in retail sales of 4.7% and a 5.5% increase in building permits. The economy continues to expand with commuters from the Washington DC area, along with the influx of major industrial firms and the relocation of Federal offices such as FEMA and FBI. The Interstate system as well as the Inland Port offers major encouragement for continuing expansion of this economy.

Highlights:
■ 3 Fully Leased Units
■ Parking Included, Recently Renovated
■ Highly Visible Corner Location
■ Old Town Winchester West of DC