#1 • Income Producing Multi-Tenant Commercial Retail Center - 6 Buildings on 1.59 Acres - Elkton VA

Part of Income Producing Multi-Tenant Commercial Retail Center - 6 Buildings on 1.59 Acres - Elkton VA (timed auction by Dudley Resources)

High bid $545,000.00

Status: Sold

PRIME COMMERCIAL INVESTMENT OPPORTUNITY This exceptional multi-tenant retail center sits on 1.59 acres along the heavily traveled Spotswood Trail (Route 33) in Elkton, Virginia, strategically positioned near the entrance to Massanutten Resort and popular Shenandoah Valley attractions. IMMEDIATE INCOME ENHANCEMENT: Current lease portfolio is priced below market standards due to family relationships and tenant service arrangements. Market analysis supports rent increases of 50-200% for select units upon renewal, offering new ownership immediate cash flow improvement without capital investment. PROPERTY HIGHLIGHTS: 6 Buildings Total: 5 currently occupied, 2 vacant with immediate income potential Current Annual Income: $51,576 from base rent and CAM fees Full Occupancy Potential: $87,528 annually High-Traffic Location: Four-lane divided highway with excellent visibility BUILDING INVENTORY: Brewery/Retail Building (917 sq ft) - Built 1942, recently renovated Coffee Shop (312 sq ft) - Modern retail space with covered porch Retail Space (344 sq ft) - Well-appointed shop with porch Food Service Space (408 sq ft) - Includes commercial hood system Retail Shop (300 sq ft) - VACANT - Immediate income opportunity Conditioned Warehouse (1,404 sq ft) - VACANT - Built 2015 ADDITIONAL FEATURES: Food truck land lease generating $14,400 annually 27 marked parking spaces with paved lot Covered walkways and central pavilion seating area Professional monument signage Public water/sewer, full utilities B-1 Commercial zoning ESTABLISHED TENANT BASE: Five operating businesses including BrewHaHa Brewing, Nutt's About Coffee, and specialty retail shops. Strong lease renewal history with terms extending through 2027. LOCATION ADVANTAGES: Minutes from Massanutten Four Seasons Resort Gateway to Shenandoah National Park Growing tourism and recreation corridor Excellent access to Harrisonburg and surrounding markets This turnkey investment offers immediate cash flow with significant upside potential through the two vacant spaces. Perfect for investors seeking stable income in Virginia's thriving Shenandoah Valley tourism market. All financial information based on current undervalued leases.   We're hosting exclusive open houses by appointment on: Monday, August 25th at 3:00 PM and Monday, September 2nd at 3:00 PM For additional information or to schedule a property tour, please contact: Tim Dudley (804) 596-6184 tdudley@dudleyresources.com FOR REAL ESTATE AGENTS REPRESENTING BUYERS:  If you have been working with a Realtor, please have them CLICK HERE and complete the Realtor Representation form.