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    633 S Main St Madison, VA 22727

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    For Sale
    $360,000

    Two-level commercial property with multi-tenant design and private parking.

    Lot size:
    1.33 Acres

    Property Features for 633 S Main St

    General Information

    Lot size
    1.33 Acres

    Building Details

    Year built
    1974

    Source: Wolford And Associates Realty LLC Agent Japreshia Elinka Terrell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Multi-Tenant Commercial Property

    This two-level commercial property is located within town limits and offers potential for various business types. Designed to accommodate up to three tenants, the property is suitable for mixed-use or commercial ventures. Currently, two tenants occupy the space, with one vacant space available on the lower level. The property provides flexibility for office, retail, or other professional uses. It is centrally located, ensuring high visibility and easy accessibility, with ample private parking available for tenants and customers. This property is suited for investors or entrepreneurs looking for a space in a thriving area.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -78.2625912
    Latitude
    38.3742769

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    FAQs

    What type of property is this?
    Retail space - Two-level commercial property with multi-tenant design and private parking.
    Where is this retail space located?
    The property is located at 633 S Main St Madison, VA.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: - Multi-tenant design with space for up to three tenants, offering income potential.; - Centrally located within town limits, providing **high visibility and easy accessibility.**; - **Ample private parking** for tenants and customers.
    (540) 229-3660
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    633 S Main St Madison, VA 22727
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    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 S Main St Madison, VA 22727
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