For Sale
$1,450,000

425 Lee Jackson HwyStaunton, VA 24401

Fully Leased, Excellent Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents two fully leased, brick office buildings totaling 10,400 square feet situated on a 0.96-acre lot in Staunton, Virginia. Conveniently located just outside the city limits in Augusta County, the property enjoys easy access to Interstates 81 and 64, ensuring high visibility and convenient commuting for tenants. The complex comprises eight rentable spaces, currently operating at 100% occupancy, providing immediate and consistent cash flow. The buildings are classified as Class B and feature two stories each. The property is zoned GB, offering flexibility for future development or expansion. With an asking price of $1,450,000, this translates to a price per square foot of $139.42, representing a strong return on investment. The property's strong tenant occupancy and prime location make it an ideal acquisition for investors seeking a stable, high-yield asset, particularly suitable for a 1031 tax exchange. The address is 425-427 Lee Jackson Highway, Staunton, VA 24401.

Highlights

  • Two fully leased, brick office buildings totaling 10,400 square feet.
  • Located on a 0.96-acre lot in Staunton, VA, with easy access to I-81 and I-64.
  • Eight rentable spaces, currently 100% occupied, generating immediate cash flow.
  • Class B buildings, two stories each, zoned GB.
  • Asking price: $1,450,000 ($139.42/SF).

Property Details for 425 Lee Jackson Hwy

Property type
Office properties
Square Feet
10,400 SF
Class
B
Buildings
2
Stories
2
Lot Size (sq. ft)
41,818 SF

Location Insight

City
Staunton
County
Augusta
State
Virginia
Latitude
38.114025581382
Longitude
-79.07136240353
425 Lee Jackson Hwy, Staunton, Virginia

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425 Lee Jackson Hwy
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