Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    385 Waugh Blvd Orange, VA 22960

    For Sale
    $2,900,000

    Prime Orange, VA investment; 35,034 sq ft.

    Property size:
    35,034 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional mixed-use investment opportunity in Orange, Virginia, currently offered below appraised value. This property encompasses a substantial 4.059-acre corner lot zoned for Town Activity Center use, allowing for diverse development possibilities. The offering includes six buildings, a pavilion, and a separate house, totaling 35,034 square feet of space. Ample parking is available on-site for convenience. A significant portion of the property (30,832 sq ft) is currently under a triple-net lease expiring January 30, 2025, which is assumable by the new owner. The remaining portion consists of a 2,822 sq ft residence with a full basement, four bedrooms, and three full baths, along with a 480 sq ft detached garage. The property comprises two parcels (tax map # 44-111 and # 44-113A) and is being sold as a whole. Previous Phase 1 and 2 Environmental Site Assessments are available upon request. This presents a unique chance to acquire a substantial, below-market-value property with significant upside potential in a desirable Virginia location. The buildings were constructed in 1947 and renovated in 1997. The property features a total of seven buildings across two stories, with 100 parking spaces.

    Property Features for 385 Waugh Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    35,034 SF
    Lot Size
    176,810 SF

    Building Details

    Year Built/Renovated
    1947/1997
    Buildings
    7
    Stories
    2

    HighLights

    • Below‑appraised value investment opportunity in Orange, VA.
    • 4.059‑acre corner lot in Orange, VA, with Town Activity Center zoning, allowing mixed‑use development.
    • Seven buildings (six commercial, one residential) and a pavilion totaling 35,034 square feet.
    • Ample parking for 100 vehicles.
    • Triple‑net lease on 30,832 square feet expiring January 2025 (assumable).
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    Orange
    State
    Virginia
    Longitude
    -78.09696849
    Latitude
    38.24299465

    Nearby Similar for Sale

    • $625,000
      3.54 Acres

      Remodeled Multi-Family Investment Opportunity

      Fully remodeled multi-family home near Lake Orange and Lake Anna.
      20738 Monrovia Rd, Orange, VA 22960
      View Details
    • $2,400,000

      Orange Mixed-Use Investment Opportunity

      Mixed-use property in Orange, VA, featuring multiple buildings and residential unit.
      385 Waugh Blvd, Orange, VA 22960
      View Details
    • $1,250,000

      Downtown Commercial Building with Parking

      13,167 sq ft commercial building in historic downtown Orange.
      113 W Main St, Orange, VA 22960
      View Details
    • $5,575,000

      Historic Farm with River Frontage

      453-acre farm with Blue Ridge views and river frontage.
      575 Arcadian Way, Orange, VA 22960
      View Details
    • $500,000

      Commercial Property on Route 20

      Commercial property in Orange, VA, suitable for various business ventures.
      275 Berry Hill Rd, Orange, VA 22960
      View Details
    • $2,400,000
      35,034 SF

      Mixed-Use Investment Opportunity in Orange

      Mixed-use property with multiple buildings and ample parking for sale.
      389-401 Waugh Blvd, Orange, VA 22960
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Orange, VA investment; 35,034 sq ft.
    Where is this individual retail property located?
    The property is located at 385 Waugh Blvd Orange, VA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Below-appraised value investment opportunity in Orange, VA.; 4.059-acre corner lot in Orange, VA, with Town Activity Center zoning, allowing mixed-use development.; Seven buildings (six commercial, one residential) and a pavilion totaling 35,034 square feet.
    Request Owner's contact information
    385 Waugh Blvd Orange, VA 22960
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    385 Waugh Blvd
    Orange, VA 22960
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    385 Waugh Blvd Orange, VA 22960
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.