385 Waugh BlvdOrange, VA 22960

Property Details for 385 Waugh Blvd

Year built

1947

Lot size

4.06 AC

Property size (Sq ft)

35,034 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

Exceptional mixed-use investment opportunity in Orange, Virginia, currently offered below appraised value. This property encompasses a substantial 4.059-acre corner lot zoned for Town Activity Center use, allowing for diverse development possibilities. The offering includes six buildings, a pavilion, and a separate house, totaling 35,034 square feet of space. Ample parking is available on-site for convenience. A significant portion of the property (30,832 sq ft) is currently under a triple-net lease expiring January 30, 2025, which is assumable by the new owner. The remaining portion consists of a 2,822 sq ft residence with a full basement, four bedrooms, and three full baths, along with a 480 sq ft detached garage. The property comprises two parcels (tax map # 44-111 and # 44-113A) and is being sold as a whole. Previous Phase 1 and 2 Environmental Site Assessments are available upon request. This presents a unique chance to acquire a substantial, below-market-value property with significant upside potential in a desirable Virginia location. The buildings were constructed in 1947 and renovated in 1997. The property features a total of seven buildings across two stories, with 100 parking spaces.

Location Insight

City

Orange

County

Orange

State

Virginia

Latitude

38.243

Longitude

-78.097

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