902 Richmond Ave - Retail FOR SALE


Staunton, VA 24401
$595,000 USD
540-820-7008
902 Richmond Ave, Staunton, VA for Sale
$595,000 USD
Retail - FOR SALE
1/35
null | Request Cap Rate

NEW


902 Richmond Ave
Staunton, VA 24401


OVERVIEW

8.6% CAP Investment Opportunity with a NEW 3-year NNN lease in place. Well-maintained building on a high-traffic stoplight corner of Rt. 250 by Walmart, Lowes, and other major retailers, only 1 mile from I-81 exit 222, 21,000 VPD. 1745 SF first floor storefront plus 1680 SF second floor with a dedicated bay door and entrance. Off-street parking lot with side street overflow. New roof 2023, HVAC (1st floor) 2020. I1 Zoning (Light Industrial) allows for a variety of future uses. Close proximity to Harrisonburg, Charlottesville, Roanoke. Note that Benjamin Moore was the former tenant who has moved out – the new tenant is a tobacco and convenience store with a lease beginning 10/1/25.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

INVESTMENT OPPORTUNITY | 8.6% CAP RATE

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

I1

APN/PARCEL ID

7695

ASK ABOUT THIS PROPERTY

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540-820-7008

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540-820-7008

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