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MLS: #VARP2002446, Listed By: Robert Chapman, Cheri Woodard Realty, Source:Bright MLS

11947 Lee Highway

SPERRYVILLE, VA 22740

$559,000 $2,356/Mo

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Overview

Bed

Bath

1,260

Sqft

1.37

Acres(Lot)

Description

SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. A very rare multi-family income generating offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale on one parcel, present an outstanding opportunity for multi-family rental income. The sale includes two structures containing FOUR grandfathered residential units, ONE commercial unit. Further upside can be realized by finishing to lease unused spaces, bringing rents to market rate and even rehabbing an old fruit stand on the property. This investment opportunity sits on the highly traveled Rt 211: a major artery seeing 2 million + vehicles per year and opportunistically near the Thornton Gap entrance to Shenandoah National Park. The property is zoned Highway Commercial, allowing for a multitude of by-right uses incl uding short term rentals, retail, food service and hospitality. Property is served by electric, propane, private well, town sewer and high speed is internet. P&L available.

Property Details

Property Type : Residential Income

Price : $559,000

AD Id : 72838794

MLS Id : VARP2002446

Beds : 4

Lot Size : 1.37 Acres

Living Area Size : 1,260

Year Built : 1900

County : RAPPAHANNOCK

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4
Roofing Information

Metal, Shingle, Asphalt
Interior Features

Roof: Metal, Shingle, Asphalt
Heating & Cooling

Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Ductless, Electric

Building Information

Year Built: 1900 Building Area Total: 1260 Construction Materials: Vinyl Siding Pool Features: None Private Pool: No

Lot Information

Lot Size Acres: 1.37 Lot Size Source: Estimated Lot Size Square Feet: 59677.2

Listing Price Information

Listing Price: $559000

Tax Information

Parcel Number: 38-A-1-5 Tax Lot: 5 Tax Year: 2022 Annual Tax: $2149

Parking Information

Concrete, Gravel, Off Street

Utility Information

Propane, Sewer Available, Water Available, Electricity Available
Location Information

Direction: Rte 211 South (Lee Hwy) towards Shenandoah National Park. Property is on the right in the village. WaterSource: Well

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ByOwner last updated this listing 07/20/2026 @ 22:25

MLS: VARP2002446 LISTED BY: Robert Chapman, Cheri Woodard Realty 540-987-8500 SOURCE: Bright MLS