219 Arch Ave, Waynesboro, VA 22980
3,800 SF | Retail Building | Waynesboro, VA 22980 | $1,053,000 ($277/SF) | 5.95% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,053,000
- Property Type
-
Retail
- Square Feet
- 3,800 SF
- Price / Square Foot
- $277
Listing Contacts
Chuck Rector
Verified Profile
- Property Info
Property Overview
PRICE REDUCED!
Freestanding 3,800 SF retail building on 0.43 acre lot with abundant parking - 17 spaces. Leased on NNN basis to VA ABC on a ten-year
lease through 02/28/2030 with two 5 year options to renew. Tenant reimbursements for operating expenses approximately $3.28/SF. 6% Cap Rate! The building was fully renovated in 2019. Well located property in downtown Waynesboro. Shadow anchored by Kroger and surrounded by dense residential development. Just off W. Main St and less than 3 miles from I-64.
Freestanding 3,800 SF retail building on 0.43 acre lot with abundant parking - 17 spaces. Leased on NNN basis to VA ABC on a ten-year
lease through 02/28/2030 with two 5 year options to renew. Tenant reimbursements for operating expenses approximately $3.28/SF. 6% Cap Rate! The building was fully renovated in 2019. Well located property in downtown Waynesboro. Shadow anchored by Kroger and surrounded by dense residential development. Just off W. Main St and less than 3 miles from I-64.
Property Details
- Class
- C
- Year Built
- 2008
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 18,731 SF
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