Unlock the potential of this rare mixed-use investment opportunity in the heart of downtown New Market, VA. Situated on Main Street with outstanding visibility and high-traffic frontage, this value-add property features two commercial spaces and two residential units, offering multiple income streams after renovation. Ideal for investors or developers, the property is ready for a substantial renovation with significant upside potential. A spacious rear lot provides ample off-street parking, adding convenience and long-term value for both residential and commercial tenants. Located among established local businesses, restaurants, and community attractions, this property presents an exceptional opportunity to reposition, redevelop, or hold as a cash-flowing mixed-use asset in one of the Shenandoah Valley's charming historic towns. Historical Highlights: Built circa 1806 during New Market's early years as a growing commercial center in the Shenandoah Valley. The building was once owned by the Tidler family, an early local family associated with the property. From 1927 to 1951, the building operated as the Hollyhock Inn & Tea Room, run by Lucy and Sue Burwell. During this era it served travelers along the historic Valley Pike and became a well-known gathering place in New Market. The structure sits within New Market's National Register Historic District, designated in 1972 for its exceptionally preserved collection of 18th- and 19th-century architecture
3 days
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401
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22
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Zillow last checked:
Listing updated:
Listed by:
Erin Kavanagh703-431-8310,
EXP Realty, LLC8668257169,
Listing Team: The Caza Group
Source: Bright MLS,MLS#: VASH2015036
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 5
Full bathrooms: 3
1/2 bathrooms: 2
Main level bathrooms: 5
Main level bedrooms: 2
Basement
Area: 0
Heating
Heat Pump, Natural Gas
Cooling
Central Air, Electric
Appliances
Included: Dryer, Washer, Microwave, Refrigerator, Electric Water Heater
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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