939 Augusta StStaunton, VA 24401

Property Details for 939 Augusta St

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

2,872 SF

Zone code

B1

Property type

Office buildings

APN

1653

APU

1653

Description

This stunning 2,872 square foot historic brick building, circa 1860, presents a unique investment opportunity in the heart of Staunton, VA. Situated on a 0.22-acre lot, this high-visibility corner property boasts a copper roof, gutters, and downspouts, ensuring both aesthetic appeal and lasting durability. Ample private parking is available for 12-15 vehicles, a significant advantage for any business. The interior features preserved historic character, including pocket doors, French doors, fireplaces, mantles, and a charming wrap-around porch. The building includes three restrooms and a partially finished basement, ideal for conversion into an apartment or AirBnB. Modern conveniences such as gas heat and a two-zone A/C system are also in place. The adaptable floor plan makes this property suitable for a wide range of uses, from professional offices to a coffee shop or cafe. A detached storage building with a concrete floor, metal roof, and garage door provides additional space and functionality. This exceptional property offers a blend of historic charm and modern practicality, making it an ideal investment for discerning buyers. The asking price is $579,000.

• CAP approach

  CAP return

  Valuation

  6%

  $774,708

  6.5%

  $715,115

  7%

  $664,035

• Comparable approach

  Method

  Valuation

  Relative Method

  $574,228

  Geo Method

  $574,228

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,382,950

  Retail / Commercial

  $714,054

  Mixed-Use / Specialty

  $715,357

  Hospitality / Lodging

  $529,844

  Institutional / Educational

  $745,058

  Residential Income

  $871,718

  Multifamily

  $1,024,160

  Automotive / Energy

  $638,621

  Parking / Income-Based Land

  $216,579

  Restaurant / Food Service

  $380,275

  Healthcare / Senior Housing

  $729,639

Location Insight

City

Staunton

County

Staunton City

State

Virginia

Latitude

38.1582

Longitude

-79.0704

CBSA code

44420

CBSA name

STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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