219 Arch Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
219 Arch Ave
3,800 SF Retail Building Waynesboro, VA 22980 $1,019,500 ($268/SF) 6.15% Cap Rate
Executive Summary
PRICE REDUCED! 6.15% Cap Rate!
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. 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.
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. 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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,800 SF
Building Class
C
Year Built
2008
Price
$1,019,500
Price Per SF
$268
Cap Rate
6.15%
NOI
$62,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
0.43 AC
Zoning
C-B
Parking
10 Spaces (2.63 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 45 1 1- 16 | Improvements Assessment | $305,400 |
| Land Assessment | $91,000 | Total Assessment | $396,400 |
PROPERTY TAXES
Parcel Number
45 1 1- 16
Land Assessment
$91,000
Improvements Assessment
$305,400
Total Assessment
$396,400
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
219 Arch Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.