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INVESTMENT OPPORTUNITY | 9.4% CAP RATE NNN 902 Richmond Ave 3,425 SF Retail Building Staunton, VA 24401 $765,350 CAD ($223.46 CAD/SF) 9.40% Cap Rate
Executive Summary
9.4% Cap NNN Investment Leased thru Sept 2028. High traffic location on a stoplight corner of Rt. 250 by Walmart, Lowes, and other major retailers, only 1 mile from I-81. 1745 SF first floor retail storefront, 1680 SF second floor with bathroom and dedicated bay door and entrance. New Roof 2023, New HVAC (1st floor) 2020. I1 Zoning (Light Industrial) allows for a variety of uses or rezoning potential. Close proximity to Harrisonburg, Charlottesville, Roanoke.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,425 SF
Building Class
B
Year Built/Renovated
1967/2019
Price
$765,350 CAD
Price Per SF
$223.46 CAD
Cap Rate
9.40%
NOI
$71,943 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.60
Lot Size
0.13 AC
Zoning
I1
Parking
5 Spaces (1.46 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7695 | Improvements Assessment | $498,585 CAD |
| Land Assessment | $36,584 CAD | Total Assessment | $535,169 CAD |
Property Taxes
Parcel Number
7695
Land Assessment
$36,584 CAD
Improvements Assessment
$498,585 CAD
Total Assessment
$535,169 CAD
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INVESTMENT OPPORTUNITY | 9.4% CAP RATE NNN | 902 Richmond Ave
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