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Property profile & analytics
OFF-MARKET
Commercial real estate

132 Laurel Ave Damascus, VA 24236

2,436 SF 0.15 ac lot Built 1931
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US87-1490104
Property summary
AI-generated overview

This exceptional 5,303-square-foot mixed-use commercial building, located at 132 W Laurel Ave in Damascus, Virginia, presents a fantastic investment opportunity. The property, built in 1954 and zoned C-1, sits on a 0.137-acre lot and boasts two storefronts, offering versatile potential for retail, office, or restaurant uses. Currently configured with a retail space, office, common area including public restrooms, and a substantial storage area, the building allows for flexible adaptation to various business needs. The layout offers ample space for expansion. A significant upgrade was recently completed: the HVAC system was replaced less than a year ago. This prime corner location provides exceptional visibility and convenient parking on two sides. The asking price is $399,900, translating to $75.41 per square foot. Damascus's thriving tourism industry, fueled by the nearby Virginia Creeper Trail and Appalachian Trail, attracts over 200,000 visitors annually, creating a robust market for commercial ventures. The town's reputation as a premier outdoor destination, recently recognized as "Best Adventure Town" by Blue Ridge Outdoors, further enhances the property's investment appeal. This is a unique chance to own a piece of "Trail Town USA" and become part of this vibrant mountain community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1931
Total area 2,436 SF
Lot 0.15 ac (6,534 SF)
Zoning code DAMASCUS
APN 172B2 A 68
UPID US87-1490104
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
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Owner & transaction history
Trailtown USA LLC · 4 yrs held
Trailtown USA LLC
since 2022
4 recorded transactions
2022
Price N/A
2022
$350,000
2019
Price N/A
2011
Price N/A
Zoning & alternative use
DAMASCUS · Damascus, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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