Property profile

294 Lee Hwy Verona, VA 24482

OFF-MARKET
Retail space
Property ID
US87-3320056
3,400 SF 0.51 ac lot Built 1965
Entity Owned Free & Clear
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Property summary

AI-generated overview

A free-standing commercial building totaling 2,705 square feet is located in Verona on a 0.51-acre lot. The property includes a private parking lot and a drive-thru window, with frontage on a busy corridor. An outdoor landscaped rear area is part of the site and can support uses such as outdoor seating. The interior has previously been used as a coffee shop and pharmacy, and the layout is consistent with flexible retail and service use, including potential suitability for a café, convenience store, restaurant, ice cream shop, brewery, pharmacy, or yoga/fitness studio. The site supports signage opportunities along the corridor.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Construction FRAME
Total area 3,400 SF
Lot 0.51 ac (21,998 SF)
Zoning code GENERAL BUSINESS
APN 036A210 16
UPID US87-3320056

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Pharmacy

Location

294 Lee Hwy Verona, VA 24482-2500
Verona metro Census 70701 STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

Zoning & alternative use

GENERAL BUSINESS · Verona, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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