Address
12302 James Madison Pkwy, King George, VA
Price
$ 1,070,000
Property Attributes
- MLS#VAKG2003658
- TypeCommercial
- CountyKING GEORGE
- CityKing George
- Zip22485
- StyleAuto Related,Banquet Facility/Lodge,Campground,Con
- Year Built1960
- Taxes$ 3768
- Price$ 1,070,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7000
- Lot Size5 Acres
Data Source:
Bright MLS
Property Description
5 Acre Commercial property zoned C-2. Achievable gross yearly income $130,800 (Trailer pad rentals 10 spaces $72,000 and Retail 9 units $58,800). Currently being used for Commercial retail and Trailer Park. Located on 4 Lane US Highway Route 301 (James Madison Pkwy) with a traffic count of over 14,000. The front 9 office/Retail units can rent to a long list of businesses. Rear of the property currently has 10 trailer land leases generating a monthly income with no recent increases and can accommodate for more spaces.
| Price History | |
|---|---|
| 7/2/2023 | Listed $1,499,000 |
| 7/19/2023 | 17% - $1,249,999 |
| 3/8/2024 | 15% - $1,070,000 |
General Features
| Sewer | On Site Septic |
|---|---|
| Heating | Heat Pump(s) |
| Cooling | Ceiling Fan(s),Window Unit(s),Heat Pump(s),Central A/C |
| Possession | Settlement |
| Zoning | C2 |
| Construction Materials | Block |
| Year Built | 1960 |
| Property SubType | Mobile Home/Campgrounds |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 54038.00 |
| OwnerPays | Lawn/Shrub Care,Sewer,Taxes - Real Estate,Trash Collection,Water |
| Business Type | Auto Related,Banquet Facility/Lodge,Campground,Convenience Store/Gas,Flex,Hair Salon and Spa,Health Club,Hotel/Motel,Medical,Mobile Home Park,Other/General Retail,Parking Lot,Professional,Recreation, |
| Accessibility | None |
| County | KING GEORGE |
| Net Operating Income | 37757.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| MaintenanceExpense | 6293.00 |
| Possible Use | Automotive,Camp Ground(s),Commercial,Double-Wide,Recreational,Retail,Storage Yard,Other,Church,Flex Space,Florist/Nursery,Parking |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE |
| Directions | From King George Sheetz on the corner of Route 301 and Route 3. Head north on US -301 (James Madison Pwky) go 1 mile and make a U-turn at Georgia Ln. Go .8 miles 12302 James Madison Pwky drive way wi |
| ModificationTimestamp | 2024-05-03T07:01:11 |
| City | KING GEORGE |
| Buyer Agent Compensation | 3 |
| Zoning Description | The intent of this district is to recognize existing commercial and/or service trade uses within the county. |
| Lot Size Square Feet | 217800.00 |
| Tax Assessed Value | 588800.0 |
| Waterfront Y/N | No |
| Street Name | JAMES MADISON PKWY |
| Tax Annual Amount | 3768.0 |
| Electric Expense | 3930.00 |
| Trash Expense | 6058.00 |
| Price Per Sq Ft | 1123.95 |
| Acceptable Financing | Cash,Conventional,Other |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Virtual Tour | https://photohawks.smugmug.com/12302-James-Madison-Pkwy-King-George-VA |
| Days on Market | 306 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | RAPPAHANNOCK DIST |
| Tax Lot | 67A |
| Cap Rate | 3.00 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Central Air Y/N | Yes |
| Total Restrooms | 6 |
Exterior Features
| Parking Features | Paved Parking,Public,Private |
|---|---|
| Lot Features | Road Frontage,Level |
| Water Source | Well |
| Total Parking Spaces | 30 |
| Type of Parking | Parking Lot,Driveway |
| Land Use Code | 4 |
| Traffic Count | 10000-14999 |
| Park Name | Holiday Park |
| Water View Y/N | No |
| Building Area Total | 952.00 |
| Lot Size Acres | 5.00 |
| Road Surface Type | Paved,Gravel |
| Road Frontage Length | 525 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 301400.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 30 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 22485
Price
Taxes
Visits
Year Built
Walkscore
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