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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

300 National Ave Staunton, VA 24401

5,197 SF 7.02 ac lot
Individually Owned 9-yr Hold
Property ID
US87-2582597
Property summary
AI-generated overview

This exceptional 7.02-acre mixed-use property in Staunton, Virginia, presents a unique investment opportunity. Located at 300 National Ave, this strategically positioned site boasts 5,197 square feet of existing building space currently configured for convenience store, grocery store, and manufacturing uses. The property is zoned GB (General Business), offering considerable flexibility for a variety of commercial ventures. Its prime location, a stone's throw from Routes 250, 64, and 81, ensures high visibility and accessibility, maximizing potential for retail success. The land is divided into nine parcels, all included in the sale, providing ample space for expansion or redevelopment. Currently, a house and outbuilding are situated at the front of the property, offering additional possibilities. The asking price is $965,000. This property is ideal for an investor seeking a multi-faceted commercial venture in a high-traffic area with significant growth potential. The existing building provides immediate income potential while the expansive lot allows for future development and expansion. This is a rare opportunity to acquire a substantial commercial property in a thriving Virginia location. The property's versatility and prime location make it an attractive investment for both established businesses and new ventures. Don't miss this chance to capitalize on the potential of this exceptional commercial property.

Property profile
Verified
Property type Grocery and convenience stores
Total area 5,197 SF
Lot 7.02 ac (305,791 SF)
UPID US87-2582597
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mykel Andrew Nutty · 9 yrs held
Mykel Andrew Nutty
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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