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    430 Commerce Ave Waynesboro, VA 22980

    Sponsored
    For Sale
    $350,000

    Vacant, Owner Financing Available, High Potential

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,500 square foot mixed-use property, located at 430 N Commerce Ave in Waynesboro, Virginia (zip code 22980), presents a compelling investment opportunity. The property is currently vacant and offers versatile space suitable for a variety of uses, including convenience store, flex space, or restaurant operations. The building features a newer roof, significantly reducing immediate maintenance concerns. Adding to its value, the adjacent lot is included in the sale, providing considerable expansion potential or additional parking. The asking price is $350,000, and owner financing is available, making this an attractive proposition for buyers seeking flexible payment options. The property's classification as industrial, mixed-use, office, retail, and self-storage reflects its adaptability to a wide range of business models. Its prime location in Waynesboro, Virginia, offers excellent visibility and accessibility. The Net Net (NN) lease type provides a straightforward and potentially lucrative rental income stream for future tenants. This is a rare opportunity to acquire a versatile property with significant upside potential in a desirable location, with the added benefit of owner financing. The property's diverse zoning and included adjacent lot make it an ideal investment for both experienced and emerging entrepreneurs. Don't miss this chance to secure a valuable asset in a thriving community.

    Property Features for 430 Commerce Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,500 SF

    HighLights

    • 2,500 SF mixed‑use building at 430 N Commerce Ave, Waynesboro, VA 22980.
    • Currently vacant, suitable for convenience store, flex space, or restaurant.
    • Features a newer roof and includes an adjacent lot.
    • Asking price: $350,000 with owner financing available.
    • NN lease type, excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waynesboro
    County
    Augusta
    State
    Virginia
    Longitude
    -78.8746926
    Latitude
    38.0714258

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    FAQs

    What type of property is this?
    Restaurant - Vacant, Owner Financing Available, High Potential
    Where is this restaurant located?
    The property is located at 430 Commerce Ave Waynesboro, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 2,500 SF mixed-use building at 430 N Commerce Ave, Waynesboro, VA 22980.; Currently vacant, suitable for convenience store, flex space, or restaurant.; Features a newer roof and includes an adjacent lot.
    Request Owner's contact information
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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
    430 Commerce Ave Waynesboro, VA 22980
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