139-145 N LOUDOUN ST Winchester, VA 22601

This property is scheduled to be auctioned on November 5, 2020 at 11:00 AM. The set reserve price is $599,000 and there is a 6% buyers premium. Commission paid to RE agents with registered client who is successful bidder. Seller would entertain pre-auction offers. Bidders are required to have a cashier's check in hand for $25,000 in order to place a bid. Unique opportunity to purchase one of the largest (15,700SF) retail buildings on Winchester Virginia's Old Town pedestrian mall. Approximately 10,200 SF of ground floor retail space with 57 linear feet of glass storefront. Second floor, front, contains 2,760 SF that is divided into 6 office spaces which are currently leased. Third floor front contains 1,160SF and is currently leased to a professional office. In addition to these spaces, there is a 1,200 SF second floor space in the rear of the building, and also approximately 7,000SF of basement space. The building is fully sprinkled. Development would allow for the addition of 22 residential units on multiple levels above. Current envelope could be transformed to upscale market with brewery or distillery as anchor, restaurants, theatre, rooftop dining.