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INVESTMENT POTENTIAL | OFFICE BUILDING 230 Costello Dr

14,850 SF 50% Leased Office Building Winchester, VA 22602 $2,899,000 ($195/SF)

Executive Summary

GREAT INVESTMENT OPPORTUNITY! New 5yr lease signed for the 1st floor. Prime example of being able to buy existing move-in ready space for less than being able to build. With nearly 15,000 square feet spread out over two floors and elevator access, this property has everything your business could need. Functional sized offices, numerous conference rooms, full bathrooms, and even a large gym/flex space this space offers a unique opportunity. Offset the expense by renting and allow your business to grow into the building with multiple electric meters, separate conditioned spaces, and ample parking. Prominent placement on a busy corridor that includes Costco and Government offices and close proximity to I-81, RTS 50, and 522 this location will help elevate your business. All while being located in tax friendly Frederick county. This space is well suited for medical, physical therapy, insurance, or any other company that requires professional space. Immediate move in available. Call to schedule a showing. Owner financing at 6.5% for qualified buyers.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
14,850 SF
Building Class
B
Year Built
2007
Price
$2,899,000
Price Per SF
$195
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,425 SF
Building FAR
0.29
Lot Size
1.16 AC
Zoning
B2
Parking
51 Spaces (3.43 Spaces per 1,000 SF Leased)

Amenities

  • Conferencing Facility
  • Fitness Center
  • Signage
  • High Ceilings
  • Air Conditioning
  • Listing ID: 29819385

  • Date on Market: 1/23/2023

  • Last Updated:

  • Address: 230 Costello Dr, Winchester, VA 22602

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