40 Lambert StStaunton, VA 24401

Property Details for 40 Lambert St

Year built

1963

Construction

CONCRETE BLOCKS

Lot size

0.23 AC

Property size (Sq ft)

13,858 SF

Zone code

P1

Property type

Healthcare properties

Property subtype

Medical offices

APN

11379

APU

11379

Description

This exceptional medical office building, located at 40 Lambert Street in Staunton, Virginia, presents a unique leasing opportunity. The property, a Class C building constructed in 1963, offers a total of 5,879 square feet. Currently, there are 4,640 square feet of vacant space available, perfect for a growing medical practice or related healthcare business. The building is configured to accommodate multiple tenants, with flexible suite sizes ranging from a minimum of 2,300 square feet to a maximum contiguous space of 2,340 square feet. This allows for adaptability to various needs and expansion possibilities. The property's location in Staunton, Virginia, within Staunton County, and its convenient address at 40 Lambert Street, zip code 24401, ensures excellent accessibility for patients and staff. The building's age reflects its established presence within the community, offering a mature and well-situated location for a medical practice seeking a stable and reliable space. This is an ideal opportunity to secure a prominent location in a thriving area, with the potential for significant growth and success. Interested parties are encouraged to inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $3,298,346

  6.5%

  $3,044,627

  7%

  $2,827,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,770,768

  Geo Method

  $2,770,768

• Alternative Use

  Use

  Valuation

  Residential

  $3,775,338

  Hospitality

  $3,458,189

  Educational

  $2,877,173

  Medical

  $2,976,123

  Retail

  $4,475,602

Location Insight

City

Staunton

County

Staunton City

State

Virginia

Latitude

38.1637

Longitude

-79.0685

CBSA code

44420

CBSA name

STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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