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Property profile & analytics

110 N Wayne Ave Waynesboro, VA 22980

  • Commercial real estate
  • 3,486 SF
  • 0.04 lot acres
For Lease
Last Sale
Oct 13, 2021
$915,000
Value Estimations
$1,010,000
Cap Rate Potential
Location Intelligence
Property ID
US87-2502518
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Blue Ridge Community College Waynesboro Outpost / Community College
  • David Brown Gear Systems Ltd / Industrial Manufacturer / Production Facility
  • Harbor Counseling Services / Counselor

Property Details for 110 N Wayne Ave

Year built
1941
Lot size
0.04 lot acres
Property size
3,486 SF
Zone code
C-B
Property type
Commercial real estate
APN
45 3 - A1A
APU
453A1A

Description

This exceptional 3,486 square foot commercial office building is ideally situated in the heart of downtown Waynesboro, Virginia. Boasting high visibility and convenient access to a variety of local amenities such as restaurants, coffee shops, and retail establishments, this property presents a remarkable opportunity for both new and expanding businesses. The building is strategically located on a 0.04-acre lot at 110 N Wayne Ave. The property features two distinct levels, each offering ample space for professional use. The lower level encompasses a spacious reception area, three private offices, a dedicated conference room, two half-bathrooms, and a convenient storage room. Similarly, the upper level includes a reception area, four private offices, a conference room, two half-bathrooms, and a storage room. With some minor renovations, this building could easily be converted into a two-tenant structure, maximizing rental income potential. Adding to its appeal, this property is situated within a designated HUB Zone and Enterprise Zone, offering potential access to various federal and state incentives and programs. The asking price for this prime commercial property is $399,000. This is a rare opportunity to acquire a well-located, versatile commercial building in a thriving downtown area.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,120,000
    ML approach
    $1,095,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Waynesboro
County
Waynesboro City
State
Virginia
Longitude
-78.8892
Latitude
38.069
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
$2,265
$34,600
$259,500
$294,100
-
$34,600
$259,500
$294,100
More about this property
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