74 Rowe RdStaunton, VA 24401

Property Details for 74 Rowe Rd

Year built

1954

Lot size

0.62 AC

Property size (Sq ft)

12,991 SF

Zone code

GENERAL BUSINESS

Property type

Retail properties

Property subtype

Turn key restaurants

APN

056D1 1 19A

APU

056D1119A

Description

This exceptional commercial property at 74 Rowe Rd, Staunton, VA, presents a unique investment opportunity. The 12,657 square foot building sits on a 0.62-acre lot, offering prime visibility and convenient access to I-81. Currently operating as a successful restaurant, the property includes expansive dining space, a separate apartment, and ample storage. All furnishings, fixtures, and equipment are included in the $2,950,000 sale price, allowing for immediate operation or rebranding. The strategic location amongst hotels and other retailers ensures high foot traffic and visibility. The existing restaurant operation provides a strong foundation for continued success, with the potential for expansion into catering services. This turnkey operation offers a rare chance to acquire an established business with significant upside potential. The property's versatility allows for various uses beyond its current configuration. Interested parties should contact the listing agent for detailed financial information. Please refrain from visiting the property without prior authorization.

• CAP approach

  CAP return

  Valuation

  6%

  $4,545,227

  6.5%

  $4,195,594

  7%

  $3,895,909

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,545,500

  Geo Method

  $6,545,500

• Alternative Use

  Use

  Valuation

  Residential

  $3,539,141

  Hospitality

  $3,241,834

  Educational

  $2,697,168

  Medical

  $2,789,928

  Retail

  $4,195,594

Location Insight

City

Staunton

County

Augusta

State

Virginia

Latitude

38.1255

Longitude

-79.0339

CBSA code

44420

CBSA name

STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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