8373 Mary Ball Road Lancaster, VA $ 75,000
8373 Mary Ball Road
$ 75,000
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8373 Mary Ball Road

Lancaster, VA, 22503
$ 75,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 468

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Commercial Property for sale in Lancaster, VA

for $75,000. This building was built in 1790.

Historic Lancaster Tavern, CASH "AS IS" SALE TERMS Heavily fire damaged and exposed to the elements. +/- 4, 292 SF + basement, 1.351 acres with 85' road frontage. Commercial kitchen, 2 dining areas each w/fireplace & entrance foyer w/2 restrooms. Public water & private septic. The sellers's vision was to revitalize the historic Lancaster Courthouse district by the renovation of these properties. In 1790, the Court granted Henry Hinton permission to build a tavern, considering it a "public advantage" & it operated for over a century before becoming a private home then a dental office. It was re-established as an inn in 1982. This grand old building has suffered significant weathering from exposure to the elements since the April, 2020 fire, & needs restoration to its former glory as an eating, lodging & gathering place. Wonderful architectural elements remain. Seller planned a cozy, basement cigar/wine bar. Possible state/federal tax credits available & Lancaster County has said that accessory dwelling units could be added to the rear of this property for additional cashflow opportunity. This is 1 of 3 historic properties up for online bidding.

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Commercial Active

Price

$ 75,000

Property Type

Commercial

Year Built

1790

Town/City

Lancaster

County/Region

Lancaster

MLS | Web ID

2301956

Features
Interior
Water Source Public Water
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* Excluded Features
List By
Linda Terry

Listing Agent

Tranzon Fox Auctions

Broker

lterry@tranzon.com

Email

Affordability Calculator

$468
Per Month
100%
0%
0%
Monthly Principal & Interest
$468
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
2/27/2023$75,000 -24.24% Price Down
1/27/2023$99,000 Listed Price

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8373 Mary Ball Road, Lancaster, VA, 22503 is a Commercial Property for sale at $75,000. 8373 Mary Ball Road has 0.0 baths and was built in 1790. The property's zip code is 22503 which is in Lancaster, VA