11947 Lee Highway
Sperryville, VA 22740
- – beds
- – baths
- 1,260 sqft
- ~1 acre lot
- $448 per sqft
- 1900 build
SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. A very rare offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale, 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 unused spaces, bringing current 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 including 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.
Last checked:
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Last updated May 6, 2025
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MLS# VARP2002052 —
The Building
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Year Built:1900
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Year Built Source:Assessor
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Roof:Metal, Shingle, Asphalt
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New Construction:No
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Construction Materials:Vinyl Siding
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Building Units Total:4
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Structure Type:Detached
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Historic:No
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Architectural Style:Cottage
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Accessibility Features:36
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Foundation Details:Stone
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:1260
Interior
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Fireplace:No
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Wall & Ceilings:Dry Wall
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:1260
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Living Area SqFt:1,260 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Exchange, Contract, Conventional
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Possession:Settlement
Location
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Directions:Rte 211 South (Lee Hwy) towards Shenandoah National Park. Property is on the right in the village.
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Latitude:38.65929000
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Longitude:-78.23213000
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:1.37
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Lot Size Source:Estimated
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Lot SqFt:59,677 Sqft
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Zoning:HIGHWAY COMMERCIAL
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Zoning Description:Grandfathered residential use in Highway Commercial zoning district.
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In City Limits:No
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Other Structures:Above Grade, Below Grade
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Waterview: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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Land Use Code:4
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (540) 274-4052
- Office phone:
- (540) 987-8500
Taxes
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Tax ID Number:38A 1 5
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Tax Year:2022
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Tax Lot:5
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Tax Annual Amount:$2,149
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Tax Assessed Value:$358,100
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Year Assessed:2022
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County Tax:1970.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Ductless/Mini-Split
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Heat Pump(s)
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Heating Fuel:Electric
Utilities
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Utilities:Propane, Electric Available, Sewer Available, Water Available
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Sewer/Septic:Public Sewer
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Electric Service:200+ Amp Service
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Hot Water:60+ Gallon Tank
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Water Source:Well
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Internet Services:Broadband
Schools
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School District Name:Rappahannock County Public Schools
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Association Recreation Fee:No
Parking
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Total Garage and Parking Spaces:8
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Garage:No
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Type of Parking:Off Street
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Parking Features:Gravel Driveway, Concrete Driveway
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Off Street - # of Spaces:8
Extra Units
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# of Units:5
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Vacation Rental:No
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Units Furnished:None
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Single Room Units:1
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One Bedroom Units:3
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/2/25
May 2, 2025
|
Listed / Active | BRIGHT | $565,000 |