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40 Lambert St
Staunton, VA 24401
#B3 · Office Property For Sale


Investment Highlights
- Located in a professional medical park near downtown Staunton
- Ample on-site parking for staff and patients
- Easy access to I-81 and US-250 for regional connectivity
- Includes exam rooms, offices, lab, and break area
- Competitive cap rate with long-term healthcare tenants
- Fully leased medical office duplex with stable income
Executive Summary
Positioned within a well-established medical office park just minutes from downtown Staunton, 40 Lambert Street presents a rare investment opportunity in Virginia’s Shenandoah Valley. This fully leased 4,640 SF medical office duplex offers stable income from long-term healthcare tenants, including a pain relief center and walk-in clinic. The property features a thoughtfully designed layout with three exam rooms, two private offices, a reception area, lab space, break room/kitchenette, and two restrooms—ideal for continued medical use.
The building’s interiors are well-maintained, reflecting pride of ownership and tenant satisfaction. Ample on-site parking enhances accessibility for patients and staff, while proximity to major routes like I-81 and US-250 ensures regional connectivity. Located in a growing healthcare corridor near Staunton’s historic downtown, the asset benefits from strong local demographics and a supportive medical ecosystem.
With a competitive cap rate and fully stabilized tenancy, this property is suited for investors seeking predictable returns in a recession-resilient sector. The surrounding area includes other medical offices, residential neighborhoods, and retail amenities, reinforcing the site’s long-term viability.
The building’s interiors are well-maintained, reflecting pride of ownership and tenant satisfaction. Ample on-site parking enhances accessibility for patients and staff, while proximity to major routes like I-81 and US-250 ensures regional connectivity. Located in a growing healthcare corridor near Staunton’s historic downtown, the asset benefits from strong local demographics and a supportive medical ecosystem.
With a competitive cap rate and fully stabilized tenancy, this property is suited for investors seeking predictable returns in a recession-resilient sector. The surrounding area includes other medical offices, residential neighborhoods, and retail amenities, reinforcing the site’s long-term viability.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,879 SF
Building Class
C
Year Built
1963
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
2,940 SF
Building FAR
1.12
Lot Size
0.12 AC
Zoning
Professional 1
Amenities
- Central Heating
- Partitioned Offices
- Air Conditioning
Property Taxes
| Parcel Number | 11382 | Improvements Assessment | $549,195 CAD |
| Land Assessment | $21,826 CAD | Total Assessment | $571,021 CAD |
Property Taxes
Parcel Number
11382
Land Assessment
$21,826 CAD
Improvements Assessment
$549,195 CAD
Total Assessment
$571,021 CAD
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