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53 E Lee St
Warrenton, VA 20186
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Newly Renovated Upstairs Studio: Top floor leased to a photography studio on a 3-year term, generating immediate rental income.
- Strong Investment Potential: With both units leased, projected cap rate exceeds 10%, making it an attractive asset.
- Owner-User Opportunity: Ground floor retail space available —ideal for a business owner to operate while benefiting from upstairs cash flow.
EXECUTIVE SUMMARY
A rare opportunity to acquire a mixed-use property in the heart of Old Town Warrenton. The top floor features a newly renovated photography studio operating under a 3-year lease, providing immediate rental income. The ground floor retail space—vacant and ready for occupancy—offers an excellent opportunity for an owner-user to establish their business in a prime, walkable location. With both units leased, the property has the potential to generate a cap rate of over 10%, making it a compelling cash-flowing asset. Positioned on a prominent corner with dual entrances, this property suits investors seeking income stability or owner-operators looking to offset costs with rental revenue. Owner financing or lease-to-own options may be considered.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,200 SF
Building Class
C
Year Built
1919
Price
$981,575 CAD
Price Per SF
$306.74 CAD
Percent Leased
2%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.17
Lot Size
0.42 AC
Zoning
CBD - Town of Warrenton, VA Central Business District
Parking
2 Spaces (0.63 Spaces per 1,000 SF Leased)
Frontage
36’ on E Lee St
AMENITIES
- 24 Hour Access
- Corner Lot
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 6984-43-0283-001 | Improvements Assessment | $28,756 CAD |
| Land Assessment | $3,456 CAD | Total Assessment | $32,212 CAD |
PROPERTY TAXES
Parcel Number
6984-43-0283-001
Land Assessment
$3,456 CAD
Improvements Assessment
$28,756 CAD
Total Assessment
$32,212 CAD
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