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    Intersection Of Community Way And Rte 250 Staunton, VA 24401

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    For Sale
    Contact for pricing

    2.5-Acre Commercial Lot, I-81 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.5-acre commercial land parcel is strategically located at the intersection of Community Way and Route 250 in Staunton, Virginia (zip code 24401). The property enjoys high visibility and accessibility, situated directly across from Martin's Grocery Anchored Shopping Center. Its proximity to major retailers like Walmart, Lowe's, and Sheetz, coupled with its convenient access to I-81 (Exit 220) and I-64, ensures significant traffic flow and exposure. The site is available for sale or ground lease and offers development potential for spaces ranging from 1,600 to 5,000 square feet. This prime location benefits from a large trade area encompassing approximately 175,000 people in Western Virginia. Further enhancing its appeal is its adjacency to a newly constructed 125-unit apartment complex, creating a built-in customer base. The property's location minutes from Staunton's historic downtown and its proximity to eleven state universities and colleges within a 35-minute drive radius present significant long-term growth opportunities. This is an outstanding regional location at the crossroads of Virginia's major north/south and east/west transportation corridors, making it an ideal investment opportunity.

    Property Features for 0 Intersection Of Community Way And Rte 250

    General Information

    Property type
    Land
    Lot Size
    108,900 SF

    HighLights

    • 2.5‑acre site available for sale or ground lease.
    • High‑traffic location across from a Martin's Grocery‑anchored shopping center.
    • Excellent visibility and accessibility at I‑81 Exit 220, at the intersection of Community Way and Route 250.
    • Strong co‑tenancy with Walmart, Lowe's, and Sheetz.
    • Available Summer 2019; spaces ranging from 1,600 SF to 5,000 SF.
    • Adjacent to a new 125‑unit apartment complex.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Staunton
    County
    Augusta
    State
    Virginia
    Longitude
    -79.0478366
    Latitude
    38.1383573

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    FAQs

    What type of property is this?
    Land - 2.5-Acre Commercial Lot, I-81 Access
    Where is this land located?
    The property is located at Intersection Of Community Way And Rte 250 Staunton, VA.
    What are key features of this property?
    This property features: 2.5-acre site available for sale or ground lease.; High-traffic location across from a Martin's Grocery-anchored shopping center.; Excellent visibility and accessibility at I-81 Exit 220, at the intersection of Community Way and Route 250.
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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
    Intersection Of Community Way And Rte 250 Staunton, VA 24401
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