Versatile Staunton Property Near
For Sale
$550,000
705 RICHMOND AVE, Staunton, VA 24401
Adaptable commercial/residential property with expansion potential near downtown Staunton.
Property Size3,658 SF
Lot Size0.40 Acres
Price / SF$150.36
Days on Market209
Property Features for 705 RICHMOND AVE
General Information
Standard status
Active
Size
3,658 SF
Lot size
0.40 Acres
Property subtype
Commercial
Building Details
Year Built
1922
Listing Agency:
OLD DOMINION REALTY INC - AUGUSTA
(540) 943-0085
Listed By:
CHERYL TSAKIS
Source:
Corcoran
Added: Jan 8
Changed: Jul 10
Last Checked: Aug 5 at 5:26AM
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 OLD DOMINION REALTY INC - AUGUSTA
Investment Insights
Based on property information with market context.
This property, situated in a high-visibility location, features a stately brick building with 3,658 square feet of finished space, plus an additional 468 square feet of flexible finished space above a detached garage, totaling over 4,100 square feet of functional area. The site includes a generous asphalt driveway and parking area accommodating 5-6 cars, with a separate entrance and exit, and room to expand the parking area. Zoned General Business and grandfathered for residential use, the property is suited for continued residential living or conversion to a higher-yield commercial venture. Ideal uses range from a boutique Bed & Breakfast to professional offices or divided office suites. Its location provides proximity to major retail anchors such as Walmart, Lowe’s, multiple car dealerships, and a wide array of restaurants. It is a short drive to downtown Staunton, Virginia, in the scenic Shenandoah Valley. The property benefits from flexible zoning and strong surrounding infrastructure.
Key Highlights
- Flexible Zoning: Zoned General Business and grandfathered for residential use, allowing for diverse commercial or residential applications.
- High‑Visibility Location: Situated in a high‑traffic area near downtown Staunton, offering excellent exposure.
- Ample Space: Features over 4,100 sq ft of finished space across the main building and detached garage.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
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?
Mixed-use property - Adaptable commercial/residential property with expansion potential near downtown Staunton.
Where is this mixed-use property located?
The property is located at 705 RICHMOND AVE Staunton, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Flexible Zoning: Zoned General Business and grandfathered for residential use, allowing for diverse commercial or residential applications.; High‑Visibility Location: Situated in a **high‑traffic area near downtown Staunton, offering excellent exposure.**; Ample Space: Features over **4,100 sq ft of finished space** across the main building and detached garage.
