49-51 E Lee Street

For Sale

49-51 E Lee St., Warrenton, VA 20186

This Warrenton property for sale is located at 49-51 E Lee St.. The general use of 49-51 E Lee Street is retail and it incorporates 6,200 square feet of class B retail space. The current listed sale price for 49-51 E Lee Street is $1,200,000. 49-51 E Lee Street is situated on a lot that is 1 acre in size.

Contacts

Bill Chipman

CRES Incorporated

Property Details

  • Property Type Retail - Street Retail
  • Property Size 6,200 SF
  • Units 2
  • Lot Size 1 Acre
  • Parking Spaces Avail. 10
  • Building Class B
  • Year Built 1919
  • Year Renovated 2005
  • Date Updated Sep 18, 2026
Old Town Warrenton on the corner of E Lee and 2nd StreetRare opportunity to acquire a fully-leased, income-producing investment property with two established tenants on longer-term leases. This 6,200± SF building is structured as a condominium, sharing only a single party wall — giving an owner the privacy and standalone feel of a freestanding building with a lighter exterior maintenance burden. Both units are separately metered. Ground Floor — 4,600± SF Salon & Spa The main level pairs historic character with a full-service buildout: original wide-plank hardwood floors, exposed brick, and generous natural light. The space includes multiple wash/styling stations, four private massage/spa treatment rooms, a dedicated nail studio, a private main office, break room, in-unit washer and dryer, three restrooms, and two rear entrances for staff and service access. Second Floor — Professional Office Suite A private second-floor office with its own first-floor entrance and street-facing signage. Inside: three private offices, a large conference room, kitchenette, restroom, and two separate points of entry — well suited to a professional firm that values a discreet, dedicated setting.
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Highlights

  • 7.7% cap rate in place, escalating into the 8%+ range within two years on the strength of the scheduled increases
  • Both units separately metered clean expense separation for a two-tenant hold
  • Condominium structure (single shared wall) standalone character with reduced common-area obligations
  • High-visibility E. Lee Street location with strong street presence and signage
  • Turnkey, fully-leased asset passive income from day one
  • Two separate tenants, both on longer-term leases with fixed 3% annual rent escalations contractual, built-in NOI growth

Attachments

Getting around

  • 84/100

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  • 50/100

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Location

  • City Warrenton, VA
  • Zip Code 20186
  • Market Washington DC Suburban Maryland

Points of Interest

  • Quarles Fleet Fueling

    0.79 miles

  • Shell

    0.80 miles

  • Wawa

    0.81 miles

  • Sunoco

    0.83 miles

  • BP

    1.09 miles

  • Chicks Service Center

    1.10 miles

  • Sheetz

    1.13 miles

  • Exxon

    1.18 miles

  • Liberty

    1.80 miles

  • Tesla Supercharger

    6.41 miles

  • Municipal Parking Lot B

    0.04 miles

  • Municipal Parking Lot C

    0.05 miles

  • Municipal Parking Lot D

    0.09 miles

  • Municipal Parking Lot F

    0.09 miles

  • Municipal Parking Lot A

    0.14 miles

  • Municipal Parking Lot E

    0.14 miles

  • Municipal Parking Lot I

    0.19 miles

  • Staff/Faculty

    4.65 miles

  • Handicapped

    6.33 miles

  • Ball Fields

    6.38 miles

  • Third + Main Gourmet to Go

    0.05 miles

  • Claire's at the Depot Restaurant

    0.05 miles

  • Molly's Irish Pub

    0.07 miles

  • Licorice Pizza

    0.08 miles

  • Ellie's Place

    0.08 miles

  • Denim & Pearls

    0.09 miles

  • Sunny Hills American Grill

    0.10 miles

  • Samaa's Kitchen

    0.71 miles

  • Café Torino & Bakery

    0.75 miles

  • Carousel Frozen Treats

    0.75 miles

  • Harris Teeter

    1.04 miles

  • Food Lion

    1.07 miles

  • Walmart Supercenter

    1.08 miles

  • Marshalls

    1.20 miles

  • Giant

    1.26 miles

  • Safeway

    1.26 miles

  • Bealeton Village Center

    9.12 miles

  • Wegmans

    9.13 miles

  • Ross

    9.28 miles

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