Address
219 Arch Avenue, Waynesboro, VA
Price
$ 1,097,000
Property Attributes
- MLS#VAWB2000086
- TypeCommercial
- CountyWAYNESBORO CITY
- CityWaynesboro
- Zip22980
- StyleGeneral Retail,Supermarket/Grocery Store
- Year Built2019
- Taxes$ 2857
- Price$ 1,097,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3800
- Lot Size0.43 Acres
Data Source:
Bright MLS
Property Description
Freestanding 3,800 SF retail building on 0.43 acre lot with abundant parking - 17 spaces. Leased on NNN basis to VA ABC on a ten-year lease through 02/28/2030 with two 5 year options to renew. Tenant reimbursements for operating expenses approximately $3.28/SF. 5.72% Cap Rate! The building was fully renovated in 2019. Well located property in downtown Waynesboro. Shadow anchored by Kroger and surrounded by dense residential development. Just off W. Main St and less than 3 miles from I-64.
| Price History | |
|---|---|
| 2/29/2024 | Listed $1,097,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Heat Pump(s) |
| Cooling | Central A/C |
| Possession | Subject to Existing Lease |
| Zoning | C-B |
| Construction Materials | Other |
| Year Built | 2019 |
| Property SubType | Retail |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Other/General Retail,Supermarket/Grocery Store |
| Accessibility | Level Entry - Main |
| County | WAYNESBORO CITY |
| Net Operating Income | 62700.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | 219 Arch Ave |
| ModificationTimestamp | 2024-02-29T15:58:33 |
| City | WAYNESBORO |
| Buyer Agent Compensation | 2.5 |
| Lot Size Square Feet | 18731.00 |
| Tax Assessed Value | 317400.0 |
| Waterfront Y/N | No |
| Street Name | ARCH |
| Tax Annual Amount | 2857.0 |
| Price Per Sq Ft | 288.68 |
| Vacation Rental Y/N | No |
| Days on Market | 48 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Legal Subdivision | Waynesboro Co Adt |
| Tax Lot | 16 |
| Cap Rate | 5.72 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | Yes |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 17 |
| Type of Parking | Parking Lot |
| Land Use Code | 041 |
| Water View Y/N | No |
| Building Area Total | 3800.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.43 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 86300.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 17 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 22980
Price
Visits
Year Built
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