101 Augusta St Staunton, VA 24401-3616
The Rask Building, situated at 101 N Augusta St in the heart of Staunton, Virginia, presents a unique opportunity for discerning investors. This iconic 3,296 square foot building, formerly home to Rask Florist, has undergone a complete refurbishment following a 2021 fire, resulting in a pristine and modern interior. The property sits on a 0.04-acre lot and is priced at $550,000. The main level boasts attractive commercial display windows flooding the space with natural light, complemented by a half bath and an office. This level offers excellent potential for retail or commercial use. The second floor, equally bright and airy, also benefits from abundant natural light and includes two half baths and a separate entrance, providing flexibility for a variety of uses. This separate entrance allows for independent access, ideal for multi-tenant occupancy or a residential conversion. The building's prime downtown location offers unparalleled visibility and accessibility, making it an attractive proposition for a wide range of businesses or residential adaptations. Its versatility allows for creative uses such as an art studio, Airbnb, or other commercial ventures. This is a rare chance to acquire a beautifully restored landmark property in a thriving Virginia city. The property is ready for immediate occupancy and offers significant potential for return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Staunton, VAStaunton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.