439 Railroad Avenue, Keysville, VA 23947
sale
$50,000
|
Other
Courtesy Of Motley's Realty Services
Established income-producing storefront in the heart of downtown Keysville, Virginia. The commercial property at 439 Railroad Avenue offers 5,964+/- square feet of street-level retail space with a current lease in place through January 2028, inclusive of an annual rent escalator - providing immediate cash flow from day one. Built in 1900 and situated on Main Street in Keysville's downtown corridor, the property carries strong historic character with long-term value-add potential. Eligible for Federal and State Historic District designation, prospective buyers may access up to 45% in rehabilitation tax credits, along with potential historic preservation grants and additional redevelopment incentives - an attractive basis for investors and preservationists seeking both current income and future upside. NOTE: This property is subject to Auction, the list price is not the selling price, but the opening bid at the auction. The seller reserves the right to accept an offer prior to the auction. The property is being sold completely "AS-IS."
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Property Features
- Age: Over 50 Years Old
- Cooling System: Central Air
- Floors: 1
- Legal Description: DB 168/153 STORAGE LOT LOT 15
- MLSID: 2617202
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