421 W Main St - Office FOR SALE


Waynesboro, VA 22980
$1,299,000 USD
540-820-7008
421 W Main St, Waynesboro, VA for Sale
$1,299,000 USD
Office - FOR SALE
1/56
null | Request Cap Rate

421 W Main St
Waynesboro, VA 22980


OVERVIEW

Located in the thriving downtown district, this property will benefit from ongoing economic growth and increasing demand for commercial space. A unique opportunity to invest in a well-positioned asset with immediate and future income potential. Sale includes two tax parcels - 421 N Main Street & 110 N Wayne Avenue. 421 W Main St, known today as the Edmunds Building, has a rich history dating back to 1941. Originally constructed as a Roses department store, it has served as a cornerstone of downtown Waynesboro's commercial district for over 80 years. It is currently fully occupied with 2 long term retail tenants and 20 office suites. 110 N Wayne Ave is attached to the historic Edmunds building and is currently advertised for lease at $3,500 per month, which would significantly boost income potential.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

& 110 N Wayne Avenue, Waynesboro VA

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CB

APN/PARCEL ID

45 3 - 26B

ASK ABOUT THIS PROPERTY

Keith MayCottonwood CommercialMore Info
540-820-7008

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Keith MayCottonwood CommercialMore Info
540-820-7008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.