31 Swartzel Shop RdStaunton, VA 24401

Property Details for 31 Swartzel Shop Rd

Year built

1993

Lot size

6.53 AC

Property size (Sq ft)

2,400 SF

Zone code

GENERAL AGRICULTURE

Property type

Retail properties

Property subtype

Auto shops

APN

073 40A

APU

07340A

Description

This exceptional 6.5-acre property presents a rare opportunity for contractors and vehicle repair businesses. Located just off Interstate 81 near Staunton, Virginia, this strategically positioned site offers unparalleled convenience and accessibility. The main structure boasts 2,400 square feet of versatile space, ideal for a repair garage or similar operations. Its proximity to Route 11 South and VDOT's Operations Property ensures high visibility and easy access to major transportation routes. A fenced rear section is currently leased to a vehicle towing business, providing potential for supplemental income. The property's ample acreage allows for significant expansion or additional development. Note that the new owner will likely need to secure a special use permit from Augusta County. This property is being offered at $593,000. Serious inquiries only. Prospective buyers are advised to conduct their own due diligence regarding zoning and permitting requirements. Please refrain from visiting the property without prior arrangement. This is a unique opportunity to acquire a well-situated commercial property with significant potential. Don't miss out on this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $839,700

  6.5%

  $775,108

  7%

  $719,743

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,209,237

  Geo Method

  $1,209,237

• Alternative Use

  Use

  Valuation

  Residential

  $653,832

  Hospitality

  $598,907

  Educational

  $498,284

  Medical

  $515,420

  Retail

  $775,108

Location Insight

City

Staunton

County

Augusta

State

Virginia

Latitude

38.0417

Longitude

-79.1263

CBSA code

44420

CBSA name

STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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