Bracket Real Estate presents a meticulously maintained colonial-style office building in the heart of Yorktown, Virginia. Boasting a sprawling 43,560 square feet of versatile space, this property presents a lucrative venture for savvy investors seeking stable returns and substantial growth potential. Currently fully leased to a roster of reputable local tenants on long-term agreements, this property guarantees a steady income stream. The rental rates, though below market value, are poised for a significant uptick. With escalations ranging from 3 to 5% for all tenants.
Originally constructed in 1970 and expanded in 1983, this Class B office space has been thoughtfully retrofitted to accommodate the evolving needs of its occupants. The building comprises 16 office suites, meticulously designed to cater to a diverse range of professional services and medical practices. Adding further versatility, the property offers 2,000 square feet of warehouse space exclusively for tenant use. Positioned on a generous 2.16-acre parcel, the complex boasts ample parking with 155 spaces, ensuring convenience for both tenants and visitors alike.
The location's accessibility is unparalleled, with direct access to the bus line and prominent monument signage commanding attention along George Washington Memorial Highway. Strategically situated in York County, the building enjoys excellent visibility with over 300 feet of frontage and a staggering 55,000 daily vehicle count along George Washington Memorial Hwy. Its central location amid thriving schools, churches, and residential neighborhoods further enhances its appeal, ensuring a steady flow of clientele. Convenient access to major transportation arteries, including Interstate 64 and the nearby Newport News International Airport served by Delta and American Airlines, underscores the property's strategic advantage. Whether seeking a stable income generator or a lucrative value-add opportunity, this premier office building promises to be a cornerstone of success for the discerning investor.
Lamar P. Fisher
Fisher Auction Company Inc.
License: 2907003627
Co:2908000783