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    902 Richmond Ave Staunton, VA 24401

    For Sale
    $595,000

    Building - STAUNTON, VA

    Property size:
    3,425 SF
    Lot size:
    0.13 Acres
    Days on Market:
    82
    Last Refresh:
    Dec 14 at 9:06 pm

    Property Features for 902 Richmond Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    I-1 Industrial Light
    APN
    7695
    Size
    3,425 SF
    Lot size
    0.13 Acres

    Building Details

    Architectural style
    Other

    COTTONWOOD COMMERCIAL LLC (540) 434-9922

    Listing agent CHASE HOOVER (540) 434-9922

    Listing date Sep 24, 2025

    MLS# 669379 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

    STAUNTON, VA Investment Opportunity

    This well-maintained building presents an investment opportunity with a new 3-year NNN lease. The property is situated on a high-traffic stoplight corner of Rt. 250, near Walmart, Lowes, and other major retailers. It is located approximately 1 mile from I-81 exit 222, with a traffic volume of 21,000 vehicles per day. The building features a 1745 square foot first-floor storefront and a 1680 square foot second floor, which includes a dedicated bay door and entrance. Off-street parking is available, with additional overflow parking on the side street. A new roof was installed in 2023, and the first-floor HVAC system was updated in 2020. Zoned I1 (Light Industrial), the property allows for a variety of future uses. The location offers close proximity to Harrisonburg, Charlottesville, and Roanoke. The new tenant, a tobacco and convenience store, has a lease beginning 10/1/25.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Staunton
    State
    Virginia
    Longitude
    -79.0504972
    Latitude
    38.140179

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    FAQs

    What type of property is this?
    NNN property - Well-maintained building with new lease in high-traffic location.
    Where is this nnn property located?
    The property is located at 902 Richmond Ave Staunton, VA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - NEW 3-year NNN lease in place with an 8.6% CAP Investment Opportunity.; - High-traffic stoplight corner location on Rt. 250 near Walmart, Lowes, and other major retailers with 21,000 VPD.; - Well-maintained building with a new roof (2023) and HVAC (1st floor, 2020).
    (540) 434-9922
    Request Owner's contact information
    902 Richmond Ave Staunton, VA 24401
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    Staunton, VA 24401
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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
    902 Richmond Ave Staunton, VA 24401
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