Occupied Medical Office
For Sale
Contact for pricing
Pending
1561 Commerce Rd, Staunton, VA 24401
Medical office leased under a gross structure with annual increases and renewal options.
Property SizeContact for details
Days on Market143
Property Features for 1561 Commerce Rd
General Information
Standard status
Pending
Property subtype
Office
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 787-0666
Listed By:
Frank Roti · License #IL 475.139806
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 8:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
Located at 1561 Commerce Road in Staunton, Virginia, this medical office property is occupied by Ivy Rehab Synergy Rehab & Wellness. The lease is structured as gross, includes 2 percent annual rental increases, and provides two 5-year renewal options. Approximately five years remain on the initial seven-year lease term.
The property sits within a commercial and industrial corridor that includes businesses, industrial facilities, and other commercial enterprises. Commerce Road connects with major highways and transportation routes, while the site is near downtown Staunton's restaurants, shops, and cultural attractions. Traffic on Commerce Road is reported at 13,595 vehicles per day.
The property sits within a commercial and industrial corridor that includes businesses, industrial facilities, and other commercial enterprises. Commerce Road connects with major highways and transportation routes, while the site is near downtown Staunton's restaurants, shops, and cultural attractions. Traffic on Commerce Road is reported at 13,595 vehicles per day.
Key Highlights
- Medical office occupied by Ivy Rehab Synergy Rehab & Wellness
- Gross lease structure with 2 percent annual rental increases
- Approximately five years remaining on an initial seven‑year lease
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 24401, VA
38,522
Population
18,056
Households
2.1
Avg Household Size
43
Median Age
32%
College-Educated
93%
High-School Grad
132.4 sq mi
ZIP Area
291
Density / Sq Mi
$63,746
Median Household Income
$41,412
Median Earnings
$1,002
Median Rent
$253,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office leased under a gross structure with annual increases and renewal options.
Where is this medical office space located?
The property is located at 1561 Commerce Rd Staunton, VA.
What are key features of this property?
This property features: Medical office occupied by Ivy Rehab Synergy Rehab & Wellness; Gross lease structure with 2 percent annual rental increases; Approximately five years remaining on an initial seven‑year lease
