219 ARCH AVE, Waynesboro, VA 22980 – VAWB2000086 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$1,040,000

Est. payment - /mo

3,800 SqFt

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UPDATED:

08/14/2024 08:16 AM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 3,800 sqft

Price per Sqft $273

MLS Listing ID VAWB2000086

Originating Board BRIGHT

Year Built 2019

Annual Tax Amount $2,857

Tax Year 2022

Lot Size 0.430 Acres

Acres 0.43

Lot Dimensions 0.00 x 0.00

Property Description

Price reduced! 6.03% Cap Rate! 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. 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.

Location

State VA

County Waynesboro City

Zoning C-B

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 17.0

Water Access N

Accessibility Level Entry - Main

Total Parking Spaces 17

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Waynesboro City Public Schools

Others

Tax ID 45-1-1-16

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Coleman G Rector • Weber Rector Commerical Real Estate Services, Inc.

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262