11947 LEE HWY Sperryville, VA 22740
4 Beds
3 Baths
1,260 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,260 sqft
Price per Sqft $443
Subdivision None Available
MLS Listing ID VARP2002456
Style Converted Dwelling
Bedrooms 4
Full Baths 2
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,260
Year Built 1900
Annual Tax Amount $2,149
Tax Year 2022
Lot Size 1.370 Acres
Acres 1.37
Property Sub-Type Detached
Source BRIGHT
Property Description
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.
Location
State VA
County Rappahannock
Zoning HIGHWAY COMMERCIAL
Rooms
Main Level Bedrooms 4
Interior
Hot Water 60+ Gallon Tank
Heating Heat Pump - Electric BackUp, Central
Cooling Ductless/Mini-Split, Window Unit(s), Central A/C
Flooring Concrete, Wood, Solid Hardwood
Furnishings No
Fireplace N
Heat Source Electric, Propane - Leased
Exterior
Utilities Available Sewer Available, Propane, Cable TV
Water Access N
Roof Type Shingle,Metal
Accessibility 32\"+ wide Doors
Road Frontage State
Garage N
Building
Story 2
Foundation Slab, Stone
Above Ground Finished SqFt 1260
Sewer Public Sewer
Water Well
Architectural Style Converted Dwelling
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Rappahannock County Public Schools
Others
Senior Community No
Tax ID 38A 1 5
Ownership Fee Simple
SqFt Source 1260
Acceptable Financing Cash, Contract, Conventional, Exchange
Horse Property N
Listing Terms Cash, Contract, Conventional, Exchange
Financing Cash,Contract,Conventional,Exchange
Special Listing Condition Standard
- 0
Hearthstone School
Private | PK - 8
- 6
Rappahannock County High School
Public | 8 - 12
