12 N Augusta St - Movie Theatre FOR SALE


Staunton, VA 24401
$949,500 USD
540-820-7008
12 N Augusta St, Staunton, VA for Sale
$949,500 USD
Movie Theatre - FOR SALE
1/22
null | 11.06% Cap Rate

12 N Augusta St
Staunton, VA 24401


HIGHLIGHTS

  • STEADY GROWTH SINCE COVID
  • 2024: $530K REVENUE, $105 NOI - Additional Financials w/ NDA
  • 3 THEATERS - 280 SEATING CAPACITY
  • VALUE ADDED OPPORTUNITIES - MULTIPLE STREAMS OF REVENUE

OVERVIEW

Turn-key vintage cinema in the heart of downtown Staunton! Opened in 1937 and renovated in 2005, Visulite Cinema is a beloved local landmark featuring three screens with a combined 280 seats. The property includes a concessions area with beer and wine service and enjoys excellent visibility and foot traffic along N Augusta Street, just steps from restaurants, shops, and Mary Baldwin University. Visulite operates with a full schedule of first-run movies, a robust art house film series, and an array of special events, attracting both local patrons and year-round tourists—with strong revenue ($530k in 2024) and continued growth potential. Incredible opportunity for an owner-operator or investor to expand events, food & beverage offerings, or special programming. Zoned B2, the property also offers vertical expansion potential for apartments or additional commercial space above the existing theater.

FOR SALE DETAILS

PRICE

$949,500 USD

PRICE/SF

$138 USD /SF

CAP RATE

11.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

TURN-KEY VINTAGE CINEMA | DOWNTOWN STAUNTON

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Movie Theatre

ADD'L SUBTYPES

Movie Theatre

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B2

APN/PARCEL ID

3368

ASK ABOUT THIS PROPERTY

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540-820-7008

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540-820-7008

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