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17 Hannah Cir Waynesboro, VA 22980

OFF-MARKET Commercial real estate Google Maps
24,000 SF 1.69 ac lot Built 1998
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional commercial property, situated at 17 Hannah Cir in Waynesboro, VA, presents a unique investment opportunity. Boasting a highly visible location on Route 250, between Waynesboro and Fishersville, this property enjoys convenient access to major transportation arteries, I-64 and I-81, ensuring high traffic counts. The expansive 24,000 square foot building is situated on a combined 1.69 acres and offers a versatile layout ideal for a variety of uses. The lower level comprises 12,000 square feet of open warehouse space, equipped with three loading docks for efficient logistics. Upstairs, another 12,000 square feet is dedicated to conditioned retail, showroom, and office space, providing ample flexibility for diverse business needs. Currently 100% leased, this property offers immediate cash flow and presents an attractive option for a 1031 exchange. The total tax assessment stands at $2,605,200, reflecting the property's significant value. Furthermore, the potential for additional development on an adjoining lot adds to the long-term investment prospects. This property's strategic location, substantial size, and current occupancy make it an exceptional investment opportunity in a thriving market.

Property profile

Verified
Property type Commercial real estate
Year built 1998
Total area 24,000 SF
Lot 1.69 ac (73,616 SF)

Cap rate & NOI

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

Value estimations

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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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