425 Lee Jackson HwyStaunton, VA 24401

Property Details for 425 Lee Jackson Hwy

Year built

1997

Lot size

0.96 AC

Property size (Sq ft)

5,368 SF

Zone code

GENERAL BUSINESS

Property type

Office buildings

APN

065A 11 B A

APU

065A11BA

Description

This exceptional Class A office property, located at 425 Lee Jackson Hwy, Suite A01 in Staunton, Virginia, offers two available suites totaling 1,250 square feet. Situated in a two-building complex, built in 2000, this property boasts a total of 5,200 square feet across two stories. Each suite ranges from 500 to 750 square feet, and there is the possibility of combining them into a larger, single unit. The suites are conveniently located on the front left side of the first building, providing excellent visibility and accessibility. The property is zoned GB and benefits from a highly desirable location with easy access to Interstates 81 and 64, ensuring convenient commutes for employees and clients. The building's professional aesthetic makes it ideal for a variety of businesses. These suites are available for occupancy beginning December 1, 2024. The property's multiple tenancy structure offers flexibility and potential for growth. This is a rare opportunity to secure high-quality office space in a prime Staunton location. Inquire today to learn more about this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,277,639

  6.5%

  $1,179,359

  7%

  $1,095,119

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,073,278

  Geo Method

  $1,073,278

• Alternative Use

  Use

  Valuation

  Residential

  $1,462,405

  Hospitality

  $1,339,555

  Educational

  $1,114,494

  Medical

  $1,152,824

  Retail

  $1,733,658

Location Insight

City

Staunton

County

Augusta

State

Virginia

Latitude

38.1143

Longitude

-79.072

CBSA code

44420

CBSA name

STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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