NNN Property with Retail
New
For Sale
$549,000
902 RICHMOND AVE, Staunton, VA 24401
Two-level commercial building with a leased storefront, separate upper-floor access, and light industrial zoning.
Property Size3,425 SF
Price / SF$160.29
Days on Market7
Property Features for 902 RICHMOND AVE
General Information
Standard status
Active
Size
3,425 SF
Property subtype
Commercial
Zoning
I1
Additional Details
Cap Rate
10%
Corner Location
Yes
Building Details
Year Built
1967
Stories
2
Listing Agency:
COTTONWOOD COMMERCIAL LLC
(540) 434-9922
Listed By:
CHASE HOOVER · License #0225252960
Source:
Corcoran
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 5 at 6:19AM
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 COTTONWOOD COMMERCIAL LLC
Investment Insights
Based on property information with market context.
This NNN property contains a 1,745 SF first-floor retail storefront and a 1,680 SF second floor with a bathroom, dedicated bay door, and separate entrance. The building totals 3,425 SF, was constructed in 1967, received a new roof in 2023, and has a first-floor HVAC system installed in 2020. The existing lease runs through September 2028 and reflects a 10% cap rate.
The property occupies a stoplight corner on Rt. 250, near Walmart, Lowe’s, and other major retailers, with I-81 approximately 1 mile away. I1 zoning permits a variety of uses, and the property information also identifies rezoning potential. Harrisonburg, Charlottesville, and Roanoke are noted as nearby regional markets.
The property occupies a stoplight corner on Rt. 250, near Walmart, Lowe’s, and other major retailers, with I-81 approximately 1 mile away. I1 zoning permits a variety of uses, and the property information also identifies rezoning potential. Harrisonburg, Charlottesville, and Roanoke are noted as nearby regional markets.
Key Highlights
- 10% cap rate with lease term extending through September 2028
- 3,425 SF building with 1,745 SF retail storefront and 1,680 SF second floor
- Second floor includes a bathroom, dedicated bay door, and separate entrance
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
95k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Shops & Services 26%
Dining 20%
Office Supplies 11%
Kroger
Groceries
29,758 visits/mo
0.4 miles
Taco Bell
Dining
16,120 visits/mo
0.5 miles
Staples
Office Supplies
10,701 visits/mo
0.4 miles
Kroger Fuel Center
Shops & Services
9,334 visits/mo
0.5 miles
Petco
Shops & Services
7,749 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Two-level commercial building with a leased storefront, separate upper-floor access, and light industrial zoning.
Where is this nnn property located?
The property is located at 902 RICHMOND AVE Staunton, VA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 10% cap rate with lease term extending through September 2028; 3,425 SF building with 1,745 SF retail storefront and 1,680 SF second floor; Second floor includes a bathroom, dedicated bay door, and separate entrance
