24 Idlewood BlvdStaunton, VA 24401

Property Details for 24 Idlewood Blvd

Year built

1997

Lot size

0.81 AC

Property size (Sq ft)

7,848 SF

Zone code

GENERAL BUSINESS

Property type

Office buildings

APN

066B 8 B

APU

066B8B

Description

This exceptional commercial property, situated on a 0.82-acre lot at 24 IDLEWOOD BLVD in Staunton, VA, presents a rare investment opportunity. Boasting a total of 20,888 square feet, the property comprises two meticulously maintained office buildings strategically located on Route 250, between Staunton and Waynesboro, near the intersection of Lifecore Drive and Woodrow Wilson Avenue. The main building, facing Jefferson Highway, is a two-story structure with 1440 square feet on each floor. The secondary building offers a more expansive layout, featuring 4700 square feet on the ground floor, 1500 square feet on the second floor, and an additional 1500 square feet in a lower-level space. A total of eight individual suites are available, each thoughtfully designed with its own private restroom, providing maximum convenience and privacy for tenants. The property's prime location ensures high visibility and easy access for clients and employees, making it an ideal investment for a variety of commercial uses. The asking price for this exceptional property is $1,850,000. This presents a unique chance to acquire a well-maintained, high-traffic commercial property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,867,904

  6.5%

  $1,724,220

  7%

  $1,601,061

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,569,129

  Geo Method

  $1,569,129

• Alternative Use

  Use

  Valuation

  Residential

  $2,138,032

  Hospitality

  $1,958,426

  Educational

  $1,629,387

  Medical

  $1,685,424

  Retail

  $2,534,603

Location Insight

City

Staunton

County

Augusta

State

Virginia

Latitude

38.1114

Longitude

-78.9995

CBSA code

44420

CBSA name

STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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