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361 Linden Ave Waynesboro, VA 22980-3503

OFF-MARKET Commercial real estate Google Maps
1,200 SF 0.17 ac lot Built 1964
Individually Owned Free & Clear
Estimated value (blended)
$145k
Range $131k – $160k (±10%)
Property ID US87-3079101

Property summary

AI-generated overview

This attractive 1,200 square foot office building, situated on a 0.17-acre lot at 361 S Linden Ave in Waynesboro, VA, presents a fantastic opportunity. Ideally located for convenient access to downtown Waynesboro, this property boasts a versatile layout perfect for a variety of office uses. The interior features a welcoming reception area complete with a dedicated receptionist station, five individual offices providing ample workspace, and a small kitchen for staff convenience. Three half-bathrooms are strategically placed throughout the building. Recent updates enhance the property's appeal and functionality. A full basement offers substantial storage space, a valuable asset for any business. The property also benefits from abundant parking both in front and at the rear, ensuring convenient access for employees and clients. Currently generating a monthly rental income of $1500 on a month-to-month lease, this property offers immediate return on investment potential. The combination of its prime location, updated interior, and ample parking makes this an exceptional opportunity for a savvy investor or business owner seeking a well-maintained and conveniently located office space in Waynesboro, Virginia. The asking price is $233,900.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1964
Total area 1,200 SF
Lot 0.17 ac (7,492 SF)
Zoning code R-O
APN 44 4 21- 17
UPID US87-3079101

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
  • Dental Office
  • Physician
  • Physician Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$145k

Owner & transaction history

since 2026
3 recorded transactions
2026
$193,000
2024
Price N/A
2016
$118,000

Zoning & alternative use

R-O · Waynesboro, VA
Zoning description

This district is intended to provide areas suitable for professional services, which meet the needs of the community, and to serve as a transitional district separating more intensive commercial districts and arterial tr…

General category MIXED_USE

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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