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702 Richmond Ave 2,652 SF of Retail Space Available in Staunton, VA 24401
Highlights
- Located at major signalized intersection of Richmond Ave (Rt. 250) and Statler Blvd
- Minutes from interstate 81
- Nearby retailers include: Wal-Mart, Lowe’s, AutoZone, Pizza Hut, New O’Reilly Auto, Chick-Fil-A
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,652 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Prime signalized corner for lease. Current structure can be leased or property can be redeveloped. Up to 4 acres available. Great site for retail, office, c-store.
- Possibilities include retail, office, flex
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,652 SF | Year Built | 1960 |
| Property Type | Retail | Parking Ratio | 6.79/1,000 SF |
| Gross Leasable Area | 2,652 SF |
| Total Space Available | 2,652 SF |
| Property Type | Retail |
| Gross Leasable Area | 2,652 SF |
| Year Built | 1960 |
| Parking Ratio | 6.79/1,000 SF |
About the Property
This property offers ±4 acres of prime land, featuring a 2,652 SF building that can either remain or be demolished to accommodate new development. Zoned B-2, the site is well-positioned at the major signalized intersection of Richmond Ave (Rt. 250) and Statler Blvd, providing high visibility and easy access. Located just minutes from Interstate 81, the property is surrounded by a variety of well-known retailers, including Wal-Mart, Lowe’s, AutoZone, Pizza Hut, O'Reilly Auto, and Chick-fil-A. The possibilities for this site are vast, with potential uses including retail, office, or flex space.
Nearby Major Retailers
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702 Richmond Ave
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