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    572 Lee Hwy Verona, VA 24482

    Sponsored
    For Sale
    $400,000

    Prime Verona Office, 2,736 SF, $400K

    Property size:
    2,736 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story office building, located at 572 Lee Highway in Verona, Virginia, presents a compelling investment opportunity. Boasting 2,736 square feet of space on a generous 0.77-acre lot, this property is ideally situated along Route 11, ensuring high visibility and accessibility. The building's brick construction speaks to its durability and classic appeal. Currently configured to accommodate multiple tenants, this property offers flexibility for a variety of uses. The zoning designation is GB (General Business), allowing for a range of commercial activities. The asking price is $400,000, translating to a price per square foot of $146.20. Detailed financial information and tenant occupancy details are available upon request. This property represents a strong investment in a thriving commercial area, offering significant potential for return. The property's location in Augusta County, Virginia, zip code 24482, provides easy access to major transportation routes and a vibrant local community. Serious inquiries are encouraged to explore this promising opportunity further.

    Property Features for 572 Lee Hwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,736 SF
    Lot Size
    33,541 SF

    Building Details

    Stories
    2

    HighLights

    • 2,736 square feet
    • 0.77‑acre lot
    • GB Zoning
    • Two‑story office building on Route 11
    • Brick construction
    • Multi‑tenant building
    Property Profile Location Intelligence

    Current Use by Public Records

    Honest Weight Loss ... Weight Loss Service

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Augusta
    State
    Virginia
    Longitude
    -79.0051795
    Latitude
    38.2060247

    Nearby Comparable

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    Nearby Similar for Sale

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    • $1,700,000
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      Versatile Buildings Near I-81

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    • $450,000

      Verona Specialty Property For Sale

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      Lee Highway Multi-Use Portfolio

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      47 Lee Hwy, Verona, VA 24482
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    • $136,800
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      Verona Office Condo - Great Value

      912 sq ft office condo, prime location.
      572 Lee Hwy, Verona, VA 24482
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Verona Office, 2,736 SF, $400K
    Where is this office property / space located?
    The property is located at 572 Lee Hwy Verona, VA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 2,736 square feet; 0.77-acre lot; GB Zoning
    Request Owner's contact information
    572 Lee Hwy Verona, VA 24482
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    Verona, VA 24482
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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
    572 Lee Hwy Verona, VA 24482
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