$1,250,000
$1,500,000
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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
Water Access Y
Water Access Desc Canoe/Kayak
Roof Type Metal
Street Surface Paved
Accessibility 32\"+ wide Doors, Ramp - Main Level
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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Bought with Aron L Weisgerber • Keller Williams Realty/Lee Beaver & Assoc.