387 Lee Jackson HwyStaunton, VA 24401

Property Details for 387 Lee Jackson Hwy

Year built

1988

Lot size

2.09 AC

Property size (Sq ft)

12,580 SF

Zone code

GENERAL BUSINESS

Property type

Retail properties

Property subtype

Other automotive properties

APN

065A 1 B 8

APU

065A1B8

Description

This 5,500 square foot commercial space boasts excellent visibility and frontage on Route 11 in Augusta County. Previously a car dealership, this versatile property is ideal for various uses, including equipment sales, car rentals, or a construction company (excluding auto sales/repair). The spacious layout includes a large showroom suitable for customer interaction or multiple workstations, up to eight private offices, a sizable kitchen/break area, ample storage, and a substantial workshop with a garage door. A large paved parking lot provides convenient parking for employees and customers. The property benefits from its location amongst other businesses and dealerships, ensuring high traffic counts. Zoned GB, this single-tenancy building offers immediate occupancy. The combination of high visibility, ample space, and convenient location makes this an exceptional opportunity for a variety of businesses. This property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $4,401,428

  6.5%

  $4,062,857

  7%

  $3,772,653

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,338,418

  Geo Method

  $6,338,418

• Alternative Use

  Use

  Valuation

  Residential

  $3,427,172

  Hospitality

  $3,139,271

  Educational

  $2,611,836

  Medical

  $2,701,662

  Retail

  $4,062,857

Location Insight

City

Staunton

County

Augusta

State

Virginia

Latitude

38.1153

Longitude

-79.0713

CBSA code

44420

CBSA name

STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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