716 - 728 E Queen St, STRASBURG, 22657

Commercial - Mixed Use

$1,800,000

Beds
Baths
22,200Sqft
1.21Acres
2007Built
14DOM
MLS® #: VASH119186
Active, 14 Days on Market

Our Offices

Contact Us

  • Harrisonburg 540-434-2400
  • Woodstock 540-459-4002
  • Luray (540) 743-4545
  • Elkton 540-298-0280
  • Email info@funkhousergroup.com
Questions?

Great Opportunity to own a mixed use (Office / Retail / Residential) income producing property. A two story commercial / residential building fronting on East Queen Street in Strasburg, Virginia commonly known as Queen Street Square. Built in 2007 on a 1.21 acre lot with over 22,000 sf and approximately 70 parking spaces. Building features include a sprinkler system, natural gas, direct 911 service access points, alarm system and elevator installed to provide for second floor handicap accessibility. Current layout includes 5 commercial units, 6 offices, 6 ~ 3 bedroom / 2 bath apartments and 2 efficiency apartments. Average length of current leases is 3.5 years for residential and 7 years for commercial. Major commercial tenant / anchor are the United States Department of Agriculture (USDA) occupying 40% of commercial space. USDA has occupied this space since July, 2008. Property is being offered at over a 7% Cap Rate and is being shown by appointment only.

Essential Information

MLS® #: VASH119186
Price: $1,800,000
Total Bathrooms: 0.00
Square Footage: 22,200
Acres: 1.21
Year Built: 2007
Type: Commercial
Sub-Type: Mixed Use
Status: Active

Community Information

Address: 716 - 728 E Queen St
City: STRASBURG
State: VA
Zip Code: 22657

Interior

Heating: Heat Pump(s)
Cooling: Heat Pump(s)

Exterior

Exterior: Brick and Siding, Frame, Vinyl Siding

School Information

District: SHENANDOAH COUNTY PUBLIC SCHOOLS

Additional Information

Date Listed: May 15th, 2020
Days on Market: 14
Zoning: COMMERCIAL
Listing Office: Sager Associates, Inc.
Listing Agent: Kevin Smith

Financials

$/SqFt: $81

Neighborhood Information for 716 - 728 E Queen St

Stable Population, Moderate Residential Turnover

  • Lows

    • January 20.10℉
    • July 62.00℉
  • rain icon

    Precipitation

    • 37.52"
  • Highs

    • January 41.90℉
    • July 87.00℉