488 Frontier DrStaunton, VA 24401

Property Details for 488 Frontier Dr

Year built

1989

Lot size

1.54 AC

Property size (Sq ft)

3,649 SF

Zone code

GENERAL BUSINESS

Property type

Office properties

Property subtype

Office buildings

APN

055 83C

APU

05583C

Description

This exceptional 2,814-square-foot commercial property, situated on a 1.55-acre lot in Staunton, Virginia, presents a unique opportunity for lease. Previously a bank branch, the building features a three-lane drive-thru, adding significant potential for various uses. The property's General Business (GB) zoning allows for a wide range of businesses, including retail, restaurant, medical offices, and more. Located at the signalized intersection of Frontier Drive and Lee Highway, this high-visibility site benefits from substantial traffic counts exceeding 19,000 vehicles daily. Its strategic location near major interstates I-81 and I-64 ensures excellent accessibility and strong visibility, further enhanced by a pylon sign. The property includes 26 parking spaces and is conveniently situated near established businesses such as Red Lobster, Applebee's, McDonald's, and more. Built in 1989, this single-story building offers a blank canvas for renovation or a build-to-suit project. The property's tax cost per square foot is $2.30. The address is 488 Frontier Dr, Staunton, VA 24401, within the Staunton & Harrisonburg submarket, Augusta County. This is a single-tenant property with no elevators. The cross street is Benton Blvd.

• CAP approach

  CAP return

  Valuation

  6%

  $868,499

  6.5%

  $801,692

  7%

  $744,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $729,581

  Geo Method

  $729,581

• Alternative Use

  Use

  Valuation

  Residential

  $994,098

  Hospitality

  $910,588

  Educational

  $757,599

  Medical

  $783,654

  Retail

  $1,178,487

Location Insight

City

Staunton

County

Augusta

State

Virginia

Latitude

38.1216

Longitude

-79.0652

CBSA code

44420

CBSA name

STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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