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1 Middlebrook Ave
Staunton, VA 24401
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Eligible for State and Federal rehabilitation tax credits
- Surrounded by restaurants, breweries, and cultural landmarks
- Strong local demographics with high household income and employment
- Located in the heart of Old Town Staunton’s historic district
- Easy access to I-64 and I-81 for regional connectivity
EXECUTIVE SUMMARY
Positioned in the heart of Old Town Staunton, the Erskine Building offers a rare opportunity to own a one-of-a-kind historic property with both architectural charm and strategic location advantages. This 15,740± SF office/retail asset is prominently located at 1 Middlebrook Avenue, surrounded by Staunton’s vibrant cultural and commercial scene. The building is eligible for both State and Federal rehabilitation tax credits, making it an attractive investment for developers or owner-users seeking to preserve and enhance a landmark structure.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,740 SF
Building Class
C
Year Built
1996
Price
$2,697,610 CAD
Price Per SF
$171.39 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.62
Lot Size
0.14 AC
Zoning
B2
Frontage
45’ on Middlebrook Ave
PROPERTY TAXES
| Parcel Number | 2496 | Improvements Assessment | $1,431,800 CAD |
| Land Assessment | $38,019 CAD | Total Assessment | $1,469,818 CAD |
PROPERTY TAXES
Parcel Number
2496
Land Assessment
$38,019 CAD
Improvements Assessment
$1,431,800 CAD
Total Assessment
$1,469,818 CAD
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