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

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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.

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

Property Taxes

Parcel Number
11382
Land Assessment
$21,826 CAD
Improvements Assessment
$549,195 CAD
Total Assessment
$571,021 CAD
  • Listing ID: 37558739

  • Date on Market: 2025-09-05

  • Last Updated:

  • Address: 40 Lambert St, Staunton, VA 24401

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