Price has been reduced to $249,900! Current NOI is $21,178 or 8.5% CAP. Location is two blocks off the Winchester Downtown Walking Mall and one block from the Government and Judicial Center.
Currently the two-story mixed-use building is being leased to one tenant for commercial use. The B1 zoning allows residential over commercial as a by right use. Current Tenant has a lease through June 2026. We feel the highest and best use for this property is Residential on both floors, which requires a Conditional Use Permit. Full bathrooms on each floor make this a candidate for a quick "fix and flip" project. Purchase the property while it is being leased and plan your renovations and apply for Conditional Use Permit. This location is much better suited for multifamily residential. Let an SVN Advisor help guide you through the process and maximize the potential of this "bite sized" investment!
The income description goes here to explain
| List Price | $249,900 |
| Property Type | Retail |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 19301P 25 |
| MLS # | VAWI2007426 |
| Property ID | 321410152 |
| Lot Sqft | 3,690 |
| Zoning | B1 |
| Days on Market | 264 |
| Original List Price | Unknown |
| Date Updated | November 04, 2025 |
| Date Created | April 01, 2025 |
Financials not available online. Please inquire with your agent for more details.
JOHN W COONTZ an agent of . Lic #0225212497
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT