1744 Jefferson HwyFishersville, VA 22939
- Other commercial real estate
- 2,943 SF
Property Details for 1744 Jefferson Hwy
- Year built
- 1960
- Lot size
- 0.40 AC
- Property size (Sq ft)
- 2,943 SF
- Zone code
- GENERAL BUSINESS
- Property type
- Other commercial real estate
- APN
- 067B 4 3
- APU
- 067B43
Description
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
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $801,762
- Hospitality
- $734,410
- Educational
- $611,020
- Medical
- $632,034
- Retail
- $950,476
Location Insight
- City
- Fishersville
- County
- Augusta
- State
- Virginia
- Latitude
- 38.0999
- Longitude
- -78.9698
- CBSA code
- 44420
- CBSA name
- STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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