110 Beverley StStaunton, VA 24401

Property Details for 110 Beverley St

Lot size

0.10 AC

Property size (Sq ft)

13,800 SF

Zone code

B2

Property type

Retail space

APN

1235

APU

1235

Description

This exceptional 18,400 square foot commercial property is situated in the vibrant heart of Downtown Staunton, Virginia. Its strategic location offers unparalleled accessibility and visibility. The building is directly adjacent to City Hall and a convenient downtown parking garage, ensuring ease of access for both employees and customers. The 0.1-acre lot provides ample space for various uses. The property's versatile layout presents numerous possibilities for a wide range of commercial ventures. Its existing structure offers a solid foundation for immediate occupancy or extensive renovation, depending on the buyer's vision. A comprehensive inspection report is readily available for prospective buyers to review, providing detailed insights into the building's condition. This presents a unique opportunity to acquire a significant commercial asset in a thriving downtown area with high foot traffic and strong community engagement. The property's prime location and substantial size make it an ideal investment for businesses seeking a prominent presence in the heart of Staunton. Serious inquiries are encouraged to explore the full potential of this remarkable commercial property. The asking price is $662,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,828,276

  6.5%

  $4,456,870

  7%

  $4,138,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,953,114

  Geo Method

  $6,953,114

• Alternative Use

  Use

  Valuation

  Residential

  $3,759,537

  Hospitality

  $3,443,716

  Educational

  $2,865,131

  Medical

  $2,963,667

  Retail

  $4,456,870

Location Insight

City

Staunton

County

Staunton City

State

Virginia

Latitude

38.1492

Longitude

-79.0739

CBSA code

44420

CBSA name

STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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