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Property profile & analytics
OFF-MARKET Estimated value $600,000
Retail space

101 Augusta St Staunton, VA 24401-3616

2,162 SF 0.03 ac lot
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US87-2429199
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Construction CONCRETE BLOCKS
Total area 2,162 SF
Lot 0.03 ac (1,351 SF)
Zoning code B2
APN 6752
UPID US87-2429199
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$600k
Owner & transaction history
Mccutchan & Stewart Lc · 1 yrs held
Mccutchan & Stewart Lc
since 2024
Last sale
$600,000
1 recorded transaction
2024
$600,000
Zoning & alternative use
B2 · Staunton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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