132 Laurel Ave Damascus, VA 24236
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
DAMASCUS · Damascus, VADamascus. 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.