Lot 7 Whiting Road
Marshall, VA 20115
- – beds
- – baths
- – sqft
- ~10 acre lot
Prime Investment Opportunity: Fully Entitled Self-Storage Development in Marshall, VA Presenting Lot 7 on Whiting Road, a 10.13-acre fully entitled and shovel-ready parcel in the desirable area of Marshall, VA. This property offers developers a unique opportunity to construct a state-of-the-art self-storage and outdoor storage facility in an undersupplied market. With approved plans, detailed projections, and a strategic location, this property is poised for success. Listed at $3,999,900, it is a rare opportunity to invest in a high-demand storage market. Key Features: Lot Size: 10.13 acres, zoned I-1 (Light Industrial). Approved Plans: 47,250 SF of self-storage and 81,457 SF of RV/boat storage. Market Potential: Fauquier County's 5-mile radius SF/capita is only 4.5, indicating strong demand. Revenue Projections: Stabilized annual revenue exceeding $1.18 million, with projected rental rates of $1.75/SF for RV/boat storage and $22/SF for self-storage. Shovel-Ready Infrastructure: Fully entitled with geotechnical studies, approved stormwater management systems, and a comprehensive site plan including gravel and paved storage areas. Estimated Units: 300-450 units, with flexible configurations to meet market demand. Development Highlights: Construction costs are projected at approximately $4.2 million, or $33/SF. Total buildable square footage of 128,707 SF. Strong financial metrics with an estimated exit cap rate of 7.5%. Environmental compliance and wetland delineation completed, ensuring a seamless development process. Location Benefits: Strategically located near I-66 and Route 55, offering easy accessibility. Situated in an affluent and growing community with increasing storage needs. This fully entitled, shovel-ready project offers significant potential for investors and developers looking to capitalize on a high-demand market. Contact us today for additional details, financial projections, and site plans, or to schedule a property tour.
Last checked:
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Last updated Nov 23, 2024
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MLS# VAFQ2014790 —
Financial & Terms
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Sale Type:Standard
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Possession:Settlement
Location
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Directions:66W to 17, right on Whiting Road, Lot 7 on left after water tower
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Latitude:38.86322689
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Longitude:-77.83843560
The Property
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Property Type:Land
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Property Subtype:Land
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Current Use:Vacant, Industrial, Storage Yard, Warehouse
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Lot Size Units:Square Feet
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Lot Size Acres:10.13
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Lot Size Source:Estimated
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Lot Features:Other
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Lot SqFt:441,262 Sqft
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Additional Parcels:No
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Zoning:I-1
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Zoning Description:Light Industrial
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In City Limits:No
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Farm Land Preservation:No
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Land Use Code:I-1
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (703) 350-2955
- Office phone:
- (703) 815-5700
Taxes
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Tax ID Number:6979-18-0223
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Tax Year:2022
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Tax Lot:7
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Tax Annual Amount:$12,405
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Tax Assessed Value:$1,373,700
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Year Assessed:2022
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County Tax:10413.00
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Total Taxes Payment Frequency:Annually
Utilities
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Sewer/Septic:Public Hook/Up Avail
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Water Source:Public Hook-up Available, Tap Fee
Schools
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School District Name:Fauquier County Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:None Available
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HOA:No
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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11/23/24
Nov 23, 2024
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Listed / Active | BRIGHT | $3,999,900 |
