385 Waugh Blvd Orange, VA 22960
- Specialty properties
- 35,034 SF
- 4.06 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 385 Waugh Blvd
- Year built
- 1947
- Lot size
- 4.06 lot acres
- Property size
- 35,034 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
Exceptional mixed-use investment opportunity in Orange, Virginia, currently offered below appraised value. This property encompasses a substantial 4.059-acre corner lot zoned for Town Activity Center use, allowing for diverse development possibilities. The offering includes six buildings, a pavilion, and a separate house, totaling 35,034 square feet of space. Ample parking is available on-site for convenience. A significant portion of the property (30,832 sq ft) is currently under a triple-net lease expiring January 30, 2025, which is assumable by the new owner. The remaining portion consists of a 2,822 sq ft residence with a full basement, four bedrooms, and three full baths, along with a 480 sq ft detached garage. The property comprises two parcels (tax map # 44-111 and # 44-113A) and is being sold as a whole. Previous Phase 1 and 2 Environmental Site Assessments are available upon request. This presents a unique chance to acquire a substantial, below-market-value property with significant upside potential in a desirable Virginia location. The buildings were constructed in 1947 and renovated in 1997. The property features a total of seven buildings across two stories, with 100 parking spaces.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Orange
- State
- Virginia
- Longitude
- -78.097
- Latitude
- 38.243
