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TURN-KEY VINTAGE CINEMA | DOWNTOWN STAUNTON 12 N Augusta St 6,881 SF Retail Building Staunton, VA 24401 $1,309,294 CAD ($190.28 CAD/SF) 11.06% Cap Rate
INVESTMENT HIGHLIGHTS
- STEADY GROWTH SINCE COVID
- 3 THEATERS - 280 SEATING CAPACITY
- 2024: $530K REVENUE, $105 NOI - Additional Financials w/ NDA
- VALUE ADDED OPPORTUNITIES - MULTIPLE STREAMS OF REVENUE
EXECUTIVE SUMMARY
Turn-key vintage cinema in the heart of downtown Staunton! Opened in 1937 and renovated in 2005, Visulite Cinema is a beloved local landmark featuring three screens with a combined 280 seats. The property includes a concessions area with beer and wine service and enjoys excellent visibility and foot traffic along N Augusta Street, just steps from restaurants, shops, and Mary Baldwin University. Visulite operates with a full schedule of first-run movies, a robust art house film series, and an array of special events, attracting both local patrons and year-round tourists—with strong revenue ($530k in 2024) and continued growth potential. Incredible opportunity for an owner-operator or investor to expand events, food & beverage offerings, or special programming. Zoned B2, the property also offers vertical expansion potential for apartments or additional commercial space above the existing theater.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Movie Theatre
Building Size
6,881 SF
Building Class
B
Year Built
1937
Price
$1,309,294 CAD
Price Per SF
$190.28 CAD
Cap Rate
11.06%
NOI
$144,788 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.13
Lot Size
0.14 AC
Zoning
B2
AMENITIES
- Food Court
- Pylon Sign
- Signage
- Air Conditioning
- Smoke Detector
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3368 | Improvements Assessment | $341,321 CAD |
| Land Assessment | $392,681 CAD | Total Assessment | $734,002 CAD |
PROPERTY TAXES
Parcel Number
3368
Land Assessment
$392,681 CAD
Improvements Assessment
$341,321 CAD
Total Assessment
$734,002 CAD
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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TURN-KEY VINTAGE CINEMA | DOWNTOWN STAUNTON | 12 N Augusta St
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