421 W Main St. & 110 N Wayne Ave Office FOR SALE


Waynesboro, VA
$1,299,000 USD
540-820-7008
, Waynesboro, VA for Sale
$1,299,000 USD
Office - FOR SALE
1/57
null | Request Cap Rate

421 W Main St. & 110 N Wayne Ave
Waynesboro, VA


HIGHLIGHTS

  • Cash flowing asset
  • Multi-tenant
  • Historic building on busiest corner in Downtown Waynesboro
  • Located in a designated HUB Zone and Enterprise Zone

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.

ASK ABOUT THIS PROPERTY

Keith MayCottonwood CommercialMore Info
540-820-7008

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

Keith MayCottonwood CommercialMore Info
540-820-7008

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