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704 Baker, Winchester, VA 22601
$1,650,000
704 Baker, Winchester, VA 22601View this property at 704 Baker, Winchester, VA 22601
704 BakerWinchesterVA22601
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Property Description
Overview: Fully leased, Income Producing Professional Building FOR SALE. Outstanding CAP Rate starting at almost 8.5%! Fully remodeled and in excellent condition, this 10,350 SF building was designed by a leading national architect and boasts a strong rental history under current ownership. All leases are NNN with virtually 100% landlord OPEX flowing through to tenants. Virtually hands-off management by a new owner, this professional building will benefit any investor's portfolio. Mix of national and strong regional tenants, plenty of parking, excellent location off area's busiest commuter corridors, and high end, modern finishes. Excellent 1031 exchange opportunity too! Invest in the fastest growing city in State of VA! Asking $1,750,000.
Full Property Details
Full Property Details for 704 Baker
General
- Sold For: $1,650,000
- Taxes: $5,855 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: VAFV2004694
- Added to Site: 813 day(s) ago
Business
- Business Type: Professional
Parking
- Total Spaces: 50
- Parking Type: Parking Lot
Location
- County: Frederick
- Driving Directions: Berryville Avenue to Baker Lane
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Mixed
- Stories/Levels: 1
- Year Built: 1986
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 43,560
- Lot Size Source: Estimated
- Zoning: B2
Financial Considerations
- Price Per Sq. Ft.: $169.08
- Tax w/Assessment: $959,800
- Tax Amount: $5,855
- Tax Year: 2021
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
Listed by Greenfield & Craun Commercial, Gillian Joy Greenfield
Sold by Greenfield & Craun Commercial, Gillian Joy Greenfield
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Schools
Schools serving 704 Baker
School District:Frederick County Public Schools, Winchester, VA
Rating | Name | Grades | Distance |
---|---|---|---|
250 First Woods Dr, Winchester, VA 22603 | K-5 | 1.8 mi | |
1313 Amherst St, Winchester, VA 22601 | 6-8 | 2.1 mi | |
251 First Woods Dr, Winchester, VA 22603 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 704 Baker
Date
Details
Price
Change
Source
5/13/2022
Sold
$1,650,000
-5.71%
MLS
2/08/2022
Listed
$1,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
704 Baker, Winchester, VA 22601 (MLS# VAFV2004694) is a Commercial property that was sold at $1,650,000 on May 13, 2022. Want to learn more about 704 Baker? Do you have questions about finding other Commercial real estate for sale in Winchester? You can browse all Winchester real estate or contact a Coldwell Banker agent to request more information.