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    633 Main St Madison, VA 22727

    For Sale
    $399,900

    High-potential, multi-tenant property in Madison, VA.

    Property size:
    960 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 960-square-foot mixed-use building, situated on a 1.33-acre lot at 633 S Main Street in Madison, Virginia, presents a prime opportunity for investors and entrepreneurs. Located within the town limits, this property boasts high visibility and convenient accessibility, ensuring strong potential for various business types. The building's multi-tenant design allows for up to three separate tenants, currently occupied by two, with one vacant lower-level space available. This flexible layout is ideal for a variety of uses, including office, retail, or other professional services. The thoughtful two-level design provides ample space to accommodate diverse business needs. Ample private parking is available for tenants and customers, adding to the property's overall appeal and convenience. The asking price is $399,900. This property offers a unique blend of location, versatility, and potential, making it an attractive investment in a thriving area. The vacant space presents an immediate opportunity to increase revenue or tailor the property to specific business requirements. Its central location within Madison ensures high foot traffic and easy access for clients and employees. Don't miss this chance to acquire a valuable commercial property in a desirable location.

    Property Features for 633 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    960 SF
    Lot Size
    57,935 SF

    Building Details

    Year Built
    1974
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Virginia
    Longitude
    -78.2626
    Latitude
    38.37429

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    FAQs

    What type of property is this?
    Mixed-use property - High-potential, multi-tenant property in Madison, VA.
    Where is this mixed-use property located?
    The property is located at 633 Main St Madison, VA.
    What is the asking price?
    The asking price for this property is $399,900.
    (540) 812-3233
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    633 Main St Madison, VA 22727
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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
    633 Main St Madison, VA 22727
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