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Property profile

1300 Richmond Ave Staunton, VA 24401

OFF-MARKET
Retail properties & Spaces
50 ac lot
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Property summary

AI-generated overview

Exceptional 50-acre commercial land parcel in Staunton, Virginia, presents a unique retail development opportunity. Located at 1300 Richmond Ave, Staunton, VA 24401, this B-2 zoned property offers significant advantages for investors and developers. The site boasts nearly one mile of frontage on Interstate 81 at Exit 222, providing unparalleled visibility and accessibility at the intersection of I-81 and I-64. This strategic location within the Shenandoah Valley ensures convenient access to major highways, facilitating efficient transportation of goods and services. With a high average daily traffic count exceeding 58,000 vehicles on I-81 and over 26,000 on Richmond Avenue, this property guarantees substantial exposure to potential customers. All utilities are available. The land is divisible, offering flexibility for various development plans. Priced at $125,000 per acre, this represents a compelling investment in a rapidly growing market. This prime location and high traffic counts make this a rare opportunity for significant retail development.

Property profile

Verified
Property type Retail properties & Spaces
Lot 50 ac (2,178,000 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1300 Richmond Ave Staunton, VA 24401
Staunton metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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