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    500-502 1St St Shenandoah, VA 22849

    For Sale
    $410,000

    Building - SHENANDOAH, VA

    Property size:
    4,600 SF
    Lot size:
    0.22 Acres
    Days on Market:
    90
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 500-502 1St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-1 Commercial District (Central Business)
    APN
    102A31C1A
    Size
    4,600 SF
    Lot size
    0.22 Acres

    Building Details

    Year built
    1963
    Number of units
    4
    Architectural style
    Other

    COTTONWOOD COMMERCIAL LLC (540) 434-9922

    Listing agent ISAAC GRANT (540) 434-9922

    Listing date Sep 16, 2025

    MLS# 662708 Listing URL

    Copyright © 2025 Greater Augusta Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Shenandoah Mixed-Use Investment Opportunity

    This is an investment opportunity featuring a mixed-use building with two units, a retail building with two units, and a vacant lot available for development. The property is located in the heart of the Town of Shenandoah. 500 First St features an occupied upstairs residential apartment and a fully occupied first-floor retail unit. 502 First St includes a large, fully occupied commercial space. 504 First St is a 0.51-acre vacant lot that is also for sale. The property is zoned C-1 Commercial District (Central Business). The building size is 4,600 square feet and the lot size is 0.22 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shenandoah
    County
    Page
    State
    Virginia
    Longitude
    -78.6251686
    Latitude
    38.4847558

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    FAQs

    What type of property is this?
    Mixed-use property - Fully occupied mixed-use and retail buildings with development potential.
    Where is this mixed-use property located?
    The property is located at 500-502 1St St Shenandoah, VA.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: - 100% Occupied: Enjoy an immediate income stream.; - Value-Add Opportunity: Explore the potential for increased revenue.; - Vacant Lot Included: Offers development potential on 0.51 acres.
    (540) 434-9922
    Request Owner's contact information
    500-502 1St St Shenandoah, VA 22849
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500-502 1St St Shenandoah, VA 22849
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