For Sale
$450,000

1744 Jefferson HwyFishersville, VA 22939

Prime Augusta County location, high traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
116
This mixed-use property at 1744 Jefferson Hwy, Fishersville, VA 22939, offers a unique investment opportunity. The 2,943 square foot building, constructed in 1960, sits on a 0.4-acre lot and is zoned for General Business (GB). Currently, it features a mix of office and warehouse space, all on the main floor, including four offices. A loading dock with a 3-foot-high door is also present. The property boasts a strong location on Rt 250 (Jefferson Highway), experiencing high traffic counts. Its central Augusta County location provides easy access to Waynesboro, Staunton, and Stuarts Draft, as well as I-64 (Fishersville exit) and I-81 (within 8 miles). Harrisonburg and Charlottesville are both approximately 35 minutes away. The building's current occupancy is 36%, with a Net Operating Income (NOI) of $31,920, resulting in a 7.09% cap rate. The asking price is $450,000 ($152.91/sq ft). The property is currently under a multi-tenant lease

Highlights

  • Mixed-use building totaling 2,943 square feet on a 0.4-acre lot in Fishersville, VA.
  • Located on high-traffic Rt. 250 (Jefferson Highway) with convenient access to I-64 and I-81.
  • Zoned General Business (GB) with a mix of office and warehouse space, including four offices and a loading dock.
  • Currently 36% occupied, generating a $31,920 NOI and a 7.09% cap rate. Asking price: $450,000 ($152.91/sq ft).
  • Main level commercial space is under a triple-net lease expiring July 31, 2024; upper-level residential space is under a gross lease expiring May 31, 2025.

Property Details for 1744 Jefferson Hwy

Property type
Specialty properties, Office properties
Square Feet
2,943 SF
Year Built
1960
Buildings
1
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Fishersville
County
Augusta
State
Virginia
Latitude
38.0997435
Longitude
-78.9698862
1744 Jefferson Hwy, Fishersville, Virginia

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1744 Jefferson Hwy
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