50 Middlebrook AveStaunton, VA 24401

This exceptional investment opportunity presents a fully leased, three-story historic building situated in Staunton's vibrant Wharf district. Spanning 12,528 square feet on a 0.56-acre lot, the property boasts significant income potential. Currently, the building is fully occupied, with Wilderness Adventure leasing the first floor and a portion of the second, and additional leased office spaces on the second and third floors. Detailed annual lease revenue and operating expense information is available upon request. The property features a substantial parking lot providing ample off-street parking for both tenants and customers. Further enhancing its appeal, the building includes a sprinkler system. This property is ideally suited for a 1031 exchange, offering significant tax advantages. Noteworthy is the availability of unused historic tax credits, adding further value to this already attractive investment. A significant upgrade is underway: a new elevator is currently being installed and is scheduled for completion by May 2025. A new rent schedule will take effect January 1st, 2025, reflecting current market conditions. This is a rare opportunity to acquire a high-performing, income-generating property in a desirable location with significant future upside.