Property

Front Royal, VA 22630 842 N Shenandoah Avenue

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Presented By: Real Broker, LLC
  • MLS# VAWR2012484
  • 10/02/2025
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  • SQFT • 4,945

Home Details

This commercial property, originally constructed in 1980, has been fully renovated in 2024 with all new systems, roof, flooring, and finishes, offering a turnkey investment opportunity. The building is 100% leased to the Commonwealth of Virginia Department of Corrections, providing secure government credit tenancy and stable long-term income. The comprehensive renovation not only enhances curb appeal but also ensures operational efficiency, durability, and reduced maintenance costs. With its strategic location along Front Royals primary commercial corridor, the property is positioned to remain highly competitive within the market. Ownership covers key operating expenses including electricity, insurance, landscaping, and trash collection, reducing tenant overhead and further strengthening retention. Investors can anticipate strong returns supported by both the government lease and the propertys improved market profile. In summary, this is a rare opportunity to acquire a fully modernized, government-leased asset in a high-visibility location, combining secure cash flow, long-term stability, and capital appreciation potential.
Presented By: Real Broker, LLC

Interior Features for 842 N Shenandoah Avenue

Other Interior Features

Central Air Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 842 N Shenandoah Avenue

AccessibilityRamp - Main Level
Business TypeOther
Cap Rate5.56
CityFRONT ROYAL
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyWARREN
DirectionsFrom I-66 (Exit 6): Take US-340/US-522 South toward Front Royal. Continue 1.5 miles, then turn right onto N. Shenandoah Avenue. The property is on the right, prominently positioned along the corridor.
DisclosuresUnder Lease
Gross Income132242.00
Heating90% Forced Air
Lease Considered Y/NNo
Legal SubdivisionCOLLEGE HTS
Lot Size Square Feet16553.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-10-03T09:37:16
Net Operating Income99000.00
New ConstructionNo
Operating Expense33224.00
OwnerPaysElectricity, Insurance, Lawn/Shrub Care, Trash Collection
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG359.96
Property SubtypeOffice
Property TypeCommercial Sale
Property UseInvestment
RoofShingle
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount4297.77
Tax Assessed Value785700.0
Tax Year2025
Total Actual Rent132242.00
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1980
Year Built SourceEstimated
ZoningR-3

Exterior for 842 N Shenandoah Avenue

Building Area Total4945.00
Car Parking Spaces40
Land Assessed Value148500.00
Lot Size Acres0.38
Lot Size SourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces40
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Jonathan Lockette

Associate
Price $1,780,000
MLS#VAWR2012484
List Date 10/02/2025
Property Type Commercial
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