Imagine owning this iconic building in the heart of the historic district! This building is one of the grandest, most beautiful buildings on Caroline Street. There's street-level retail that was home to PYE &Co and is now home to Pieces, a shop for unique and handmade gift items. The property also offers four apartments and a full, unfinished basement. The 3rd-floor apartment spans the entire building with commanding views of the Rappahannock River and bustling Caroline Street. Located in CD Zoning, there's a potential to add on to the property in the rear. The property line extends about 40 feet beyond the back of the building. There's currently off-street parking in the back, but it could become a garage, addition, etc. Three of the four apartments are occupied. The current gross annual income is $97,200. The NOI is $82,434, with significant upside potential in the revenue. Download the OM in the documents section for more information.
Listing courtesy of Coldwell Banker Elite.