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    1300 Richmond Ave Staunton, VA 24401

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    For Sale
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    50 Acres, Prime Retail Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional 50-acre commercial land parcel in Staunton, Virginia, presents a unique retail development opportunity. Located at 1300 Richmond Ave, Staunton, VA 24401, this B-2 zoned property offers significant advantages for investors and developers. The site boasts nearly one mile of frontage on Interstate 81 at Exit 222, providing unparalleled visibility and accessibility at the intersection of I-81 and I-64. This strategic location within the Shenandoah Valley ensures convenient access to major highways, facilitating efficient transportation of goods and services. With a high average daily traffic count exceeding 58,000 vehicles on I-81 and over 26,000 on Richmond Avenue, this property guarantees substantial exposure to potential customers. All utilities are available. The land is divisible, offering flexibility for various development plans. Priced at $125,000 per acre, this represents a compelling investment in a rapidly growing market. This prime location and high traffic counts make this a rare opportunity for significant retail development.

    Property Features for 1300 Richmond Ave

    General Information

    Property type
    Land
    Lot Size
    2,178,000 SF

    HighLights

    • $125,000 per acre.
    • 50 Acres (Divisible).
    • B‑2 Retail Zoning.
    • All Public Utilities Available.
    • I‑81: 58,000+ AADT; Richmond Ave: 26,000+ AADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Staunton City
    State
    Virginia
    Longitude
    -79.037611147012
    Latitude
    38.132579379404

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    FAQs

    What type of property is this?
    Land - 50 Acres, Prime Retail Development
    Where is this land located?
    The property is located at 1300 Richmond Ave Staunton, VA.
    What are key features of this property?
    This property features: $125,000 per acre.; 50 Acres (Divisible).; B-2 Retail Zoning.
    Request Owner's contact information
    1300 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
    1300 Richmond Ave Staunton, VA 24401
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