1137 Richmond AveStaunton, VA 24401

  • Other commercial real estate
  • 8.07 AC
For Sale
$2,495,000 View listing

Property Details for 1137 Richmond Ave

Lot size
8.07 AC
Zone code
B2
Property type
Other commercial real estate
APN
10399
APU
10399

Description

This exceptional 8.07-acre commercial parcel in Staunton, Virginia, presents a remarkable investment opportunity. Strategically located just 0.6 miles from Interstate 81 exit 222, this B2-zoned land boasts unparalleled accessibility. With over 26,000 vehicles passing daily on Richmond Avenue, the property offers exceptional visibility and high traffic counts, ensuring maximum exposure for any business. The site is surrounded by established national retailers, guaranteeing a thriving commercial environment and strong consumer demand. Two existing commercial entrances simplify development and immediate occupancy. This sizable lot is rare in this desirable location, making it ideal for expansion or new construction. The property's prime location and high traffic volume make it an exceptional investment for businesses seeking significant growth potential. This is a unique chance to secure a substantial commercial property in a bustling area with excellent infrastructure and high visibility. Don't miss this opportunity to establish your business in a prime location with ready access to a large customer base.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $95,719,440
    Hospitality
    $87,678,488
    Educational
    $72,947,472
    Medical
    $75,456,248
    Retail
    $113,473,848
1137 Richmond Ave, Staunton, Virginia

Location Insight

City
Staunton
County
Staunton City
State
Virginia
Latitude
38.1368
Longitude
-79.0416
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
$12,758
$1,433,500
-
$1,433,500
-
$1,433,500
-
$1,433,500

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