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    850 Shenandoah Village Dr Waynesboro, VA 22980

    Sponsored
    For Sale
    $900,000

    0.67-acre lot, prime Waynesboro location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.67-acre commercial land parcel, located at 850 Shenandoah Village Dr in Waynesboro, Virginia (zip code 22980), presents a unique investment opportunity. Priced at $900,000, this property boasts a highly desirable location within the Waynesboro Town Center, offering unparalleled accessibility. Its proximity to Interstate 64 ensures high visibility and convenient access for customers and employees. The site is just minutes from downtown Waynesboro, providing easy access to local amenities and a thriving community. The seller is also open to leasing the property for $100,000 per year. This versatile lot is suitable for a variety of commercial uses, including restaurants, offices, and retail stores. A significant advantage is the shared access to 51 total parking spaces with an adjacent Taco Bell, ensuring ample parking for patrons. Furthermore, recent Virginia Department of Transportation (VDOT) improvements have enhanced the surrounding area. These improvements include upgrades to the nearby park and ride facility and the completion of roadwork along the property's side, culminating in a new sidewalk connecting the park and ride to Shenandoah Village Drive. Public water and sewer services are readily available. The property's strategic location, coupled with these recent infrastructure enhancements, makes it an ideal site for a thriving commercial venture. Detailed photos are available upon request.

    Property Features for 850 Shenandoah Village Dr

    General Information

    Property type
    Restaurants
    Lot Size
    29,185 SF

    HighLights

    • 0.67‑acre commercial lot in Waynesboro, VA (22980), priced at $900,000, or lease for $100,000 annually.
    • Highly desirable Waynesboro Town Center location with I‑64 visibility and convenient access.
    • Suitable for various commercial uses, including restaurants, offices, and retail.
    • Shared access to 51 parking spaces with adjacent Taco Bell.
    • Public water and sewer available.
    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 City
    State
    Virginia
    Longitude
    -78.9432685
    Latitude
    38.0587999

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    FAQs

    What type of property is this?
    Restaurant - 0.67-acre lot, prime Waynesboro location.
    Where is this restaurant located?
    The property is located at 850 Shenandoah Village Dr Waynesboro, VA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 0.67-acre commercial lot in Waynesboro, VA (22980), priced at $900,000, or lease for $100,000 annually.; Highly desirable Waynesboro Town Center location with I-64 visibility and convenient access.; Suitable for various commercial uses, including restaurants, offices, and retail.
    (540) 943-9700
    Request Owner's contact information
    850 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
    850 Shenandoah Village Dr Waynesboro, VA 22980
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