1160 Jordan Springs Road
Stephenson, VA 22656
MLS #FV10052487

Commercial
    $3,150,000
    Est. P&I payment: $12030.87/mo
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    Description for 1160 Jordan Springs Road, Stephenson, VA 22656
    Historic Jordan Springs. Currently leases to highly profitable Wedding Venue business (10 years). This sale includes everything needed to continue this business; existing bookings may be negotiable. Owner will lease back majority of 2nd floor for their unrelated business. Leases in place for 3 other buildings. 27 acres total. !0 acres zoned B-2 (business/commercial). Full commercial kitchen
    MLS #FV10052487
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    My Notes for MLS #FV10052487

    General Features

    • Property Type: Commercial
    • Comm Industrial Type: Office,​Salon,​Parking,​Restaurant,​Hotel/Motel
    • Comm Industrial Misc: Meeting Rooms,​Private Office,​Reception Area
    • Zoning Code: RAB2

    Exterior Features

    • Exterior: Brick,​Stone
    • Stories: 4
    • Lot Area Acre: 27
    • Lot Size Area: 1,176,120
    • Water Front: N
    • Parking Included In List Price: Y
    • Parking: Faces Rear,​Faces Side,​Gravel Driveway,​Asphalt Driveway
    • Parking Lot: THERE IS PAVED PARKING IN REAR AND SIDE,​ CIRCULAR DRIVEWAY AND GRASSY AREAS DURING WEDDING AND BANQUET FUNCTIONS
    • Parking Space Number: 100+

    Interior Features

    • Gross SQFT: 38,124
    • Net SQFT: 38,124

    Utilities Features

    • Sewer Septic: Public Sewer
    • Water: Well

    Financial Features

    • Price Per Square Foot: 83
    • Total Taxes: 11,110.2
    • Total Taxes Payment Freq: Annually
    • County Tax: 11,110.2
    • County Tax Payment Freq: Annually
    • Tax Year: 2017
    • Improvement Assessment Amount: 1,209,400
    • Improvement Assessment Payment Freq: Annually
    • Land Assessment Amount: 642,300
    • Land Assessment Payment Freq: Annually
    • Total Assessment: 1,851,700
    • Total Assessment Payment Freq: Annually
    • Assessment Year: 2017
    • Gross Income: 256,000
    • Monthly Gross Rent: 21,333
    • Rental Net Operating Income: 183,000
    • Property Net Operating Income: 183,000
    • Additional Income Sources: Apartment Rentals,​Professional Offices,​Shop rentals
    • Owner Pays: Other,​Repairs and Maintenance
    • Present Licenses: Beer/Wine,​Food,​Liquor,​Other
    • Seller Desires: Cash,​Sell/Lease Back
    • Rental Year: 2016
    • Expenses: 73,000
    • Rent Special Terms: Seller will lease back a portion of the main building for one year. That rental income would be enough to service The other four leases are month-to-month and include a beauty parlor,​ law offices,​ two apartments. The current NOI will service the entire debt at 80% LTV. Call agent for all financial details. CALL FOR A ELECTRONIC BROCHURE NOW

    Community Features

    Misc Features

    • Property Condition: Restored,​Shows Well
    • Year Built: 1893
    • Occupied: Yes
    • Vacancy Factor: 30
    • Tenancy: Month-to-Month Lease(s),​1 Year Lease(s)
    • Auction: N
    • Foreclosure: N
    • Potential Short Sale: No
    • Tenant Rights: Tenant - Original Lease Expired
    • Present Use: Commercial,​Hunting,​Office,​Spa,​Restaurant

    Location

     
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    The listing information for 1160 Jordan Springs Road, Stephenson, VA 22656 was graciously provided by our friends at the listing brokerage, United Real Estate Great Falls

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    P&I Payment $12030.87
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    Last Updated 04/26/2018 at 1:03am
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