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    861 Shenandoah Village Dr Waynesboro, VA 22980

    Sponsored
    For Sale
    $750,000

    1.31-Acre Commercial Land for Sale

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1.31-acre commercial land parcel is available for sale or ground lease in Waynesboro, Virginia's premier Town Center. Located in the southeast quadrant of the city, this outparcel boasts approximately 330 feet of road frontage along Shenandoah Village Drive, offering excellent visibility and accessibility. Its strategic location near Interstate 64, Exit 94, and the intersection of Rosser Avenue/Route 340 provides convenient access for customers throughout the Shenandoah Valley. The surrounding area is a thriving regional power center, anchored by major retailers including Target, Kohl's, Books-A-Million, Old Navy, Hibbett Sports, Chick-fil-A, Ross, PetSmart, Michaels, McAlister's Deli, and Rack Room Shoes, ensuring high traffic volume and strong consumer demographics. The property's ideal location and surrounding retail mix make it suitable for a variety of uses, including freestanding medical offices (dental, chiropractic), fast food restaurants, fitness centers, and entertainment venues. The asking price is $750,000. The property's market area encompasses Waynesboro, Staunton, and Harrisonburg, providing a substantial customer base. This exceptional opportunity presents a chance to establish a business in a high-traffic, well-established retail environment. The property is situated at 861 Shenandoah Village Drive, Waynesboro, VA 22980.

    Property Features for 861 Shenandoah Village Dr

    General Information

    Property type
    Land
    Lot Size
    57,064 SF

    HighLights

    • 1.31‑acre outparcel available for sale or ground lease.
    • 330 feet of frontage on Shenandoah Village Drive.
    • Excellent visibility and access via I‑64 Exit 94.
    • Strong trade area encompassing Waynesboro, Staunton, and Harrisonburg.
    • Shadow‑anchored by Target, Kohl's, and other national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waynesboro
    County
    Waynesboro
    State
    Virginia
    Longitude
    -78.941908
    Latitude
    38.058299

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    FAQs

    What type of property is this?
    Land - 1.31-Acre Commercial Land for Sale
    Where is this land located?
    The property is located at 861 Shenandoah Village Dr Waynesboro, VA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 1.31-acre outparcel available for sale or ground lease.; 330 feet of frontage on Shenandoah Village Drive.; Excellent visibility and access via I-64 Exit 94.
    Request Owner's contact information
    861 Shenandoah Village Dr Waynesboro, VA 22980
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    Waynesboro, VA 22980
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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
    861 Shenandoah Village Dr Waynesboro, VA 22980
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