11947 LEE HIGHWAY, SPERRYVILLE, VA 22740
RAPPAHANNOCK County
Key Facts
Description
SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. A very rare multi-family income generating offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale on 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 to lease unused spaces, bringing 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.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Structure Type
House
Year Built
1900
Living Area
1,260 sq ft
Lot Size
1.37 acres
Zoning
HIGHWAY COMMERCIAL
Days on Market
156
MLS® Listing#
VARP2002446
Property Features
Cooling
Heating
Pool
Parking
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Schools
- District:
- RAPPAHANNOCK COUNTY PUBLIC SCHOOLS
Financial Details
Annual Taxes
$2,149
Tax year 2022
Assessed Value
$358,100
Parcel Number
38-A-1-5
Directions
Rte 211 South (Lee Hwy) towards Shenandoah National Park. Property is on the right in the village.
Affordability Calculator
$111,800
Estimated monthly payment
$2,975/mo
Principal $447,200 · Est. interest $623,884 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in SPERRYVILLE, VA
- $900,000
- Median Listing Price
- 65
- Median Days on Market
- 1,628
- Median Sq Ft
- $481
- Median Price / Sq Ft
- 9
- Active Listings
- This home’s price is 38% below the area median.
- Its price per sq ft is 8% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in SPERRYVILLE, VA.
Location
Points of Interest in SPERRYVILLE, VA
Showing the SPERRYVILLE area map.
Nearby Schools
Hearthstone School
Secondary · 2.0 mi away
Rappahannock County High School
Secondary · 3.0 mi away
Rappahannock County Elementary
Elementary · 3.6 mi away
Belle Meade Montessori School
Elementary · 6.5 mi away
Sheridan School
School · 9.6 mi away
Springfield Elementary School
Elementary · 11.2 mi away
Springfield Elementary School
Elementary · 11.3 mi away
Wakefield Country Day School
Elementary · 11.5 mi away
Luray Elementary School
Elementary · 12.1 mi away
Luray Middle School
Secondary · 12.1 mi away
Mt Carmel Christian Academy
School · 13.2 mi away
Luray High School
Secondary · 13.7 mi away
Page County Technical Center
Secondary · 14.3 mi away
Stanley Elementary School
Elementary · 15.7 mi away
Emerald Hill Elementary School
Elementary · 15.8 mi away
Divinum Auxilium Academy
School · 16.2 mi away
Stanley Seventh-Day Adventist School
School · 16.4 mi away
Yowell Elementary School
Elementary · 16.7 mi away
Skyline High School
Secondary · 17.2 mi away
Ressie Jeffries Elementary School
Elementary · 17.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 105 SWINDLER HOLLOW ROAD, SPERRYVILLE, VA | $399,000 | 3 | 2 | 1,200 |
| 49 WATER STREET, SPERRYVILLE, VA | $475,000 | 3 | 2 | 1,052 |
| 11947 LEE HIGHWAY, SPERRYVILLE, VA | $559,000 | 4 | 3 | 1,260 |
Moving Cost Estimate
EXIT Agents in SPERRYVILLE
Listing Courtesy: Cheri Woodard Realty - 5409878500