850 Statler BlvdStaunton, VA 24401

Property Details for 850 Statler Blvd

Year built

1985

Lot size

12.09 AC

Property size (Sq ft)

66,309 SF

Zone code

B2

Property type

Retail properties

Property subtype

Super regional malls

APN

9228

APU

9228

Description

Statler Square, located at 850 Statler Boulevard in Staunton, Virginia (zip code 24401), offers exceptional retail leasing opportunities. This established shopping center boasts a total of 134,660 square feet and comprises five individual suites. Currently, there is 8,651 square feet of vacant space available, offering flexibility for businesses of various sizes. The minimum leasable space is 840 square feet, ideal for smaller retailers or service providers, while the maximum contiguous space available is 3,500 square feet, suitable for larger businesses seeking a more substantial presence. The property is categorized as a multi-tenant retail shopping center, situated in Staunton County, Virginia. Its prime location provides excellent visibility and accessibility for customers. This presents a unique chance to establish or expand your business within a well-established commercial center in a thriving community. The property's convenient location and diverse suite sizes make it an attractive option for a range of retail ventures. Interested parties are encouraged to inquire about available spaces and lease terms. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $23,199,866

  6.5%

  $21,415,260

  7%

  $19,885,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $33,409,710

  Geo Method

  $33,409,710

• Alternative Use

  Use

  Valuation

  Residential

  $18,064,574

  Hospitality

  $16,547,052

  Educational

  $13,766,953

  Medical

  $14,240,420

  Retail

  $21,415,260

Location Insight

City

Staunton

County

Staunton City

State

Virginia

Latitude

38.1393

Longitude

-79.068

CBSA code

44420

CBSA name

STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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