1301 Broad StWaynesboro, VA 22980

  • Other commercial real estate
  • 42,358 SF
For Lease
$9/SF/YR View listing

Property Details for 1301 Broad St

Year built
1965
Construction
LIGHT FRAME
Lot size
3.40 AC
Property size (Sq ft)
42,358 SF
Zone code
H-B
Property type
Other commercial real estate
APN
34 2 - X1
APU
342X1

Description

Gateway Park Shopping Center, located at 1301 W Broad St, Waynesboro, VA 22980, presents a significant retail opportunity. This single-tenant property offers 15,941 square feet of immediately available space within a larger 42,866 square foot building. The space is currently configured as a furniture store and is in excellent condition, representing a turnkey solution for a similar business or a retailer seeking a well-maintained space. The building comprises a total of seven suites. The property's location in Waynesboro, Virginia, provides excellent visibility and accessibility for customers. The minimum divisible space is 15,941 square feet, and the maximum contiguous space available is also 15,941 square feet. This makes it ideal for a business requiring a substantial footprint. The property's existing infrastructure and condition minimize upfront capital expenditures, allowing for a quicker return on investment. Interested parties are encouraged to explore this exceptional opportunity to establish or expand their retail presence in a thriving market. The property is conveniently located at the intersection of W Broad St, offering high traffic visibility and easy access for customers. This is a rare opportunity to acquire a well-maintained, sizable retail space in a desirable location.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,539,598
    Hospitality
    $10,570,210
    Educational
    $8,794,291
    Medical
    $9,096,740
    Retail
    $13,680,007
1301 Broad St, Waynesboro, Virginia
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Location Insight

City
Waynesboro
County
Waynesboro City
State
Virginia
Latitude
38.0733
Longitude
-78.8978
CBSA code
44420
CBSA name
STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,392
$1,840,500
$678,000
$2,518,500
-
$1,840,500
$678,000
$2,518,500

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