Property Description

Property is being sold through a virtual auction on the listing brokerage website and ends December 4 @ 12 PM. List price does not reflect final sale price. Property will convey AS-IS, where is. There is a 10% buyer's premium added to the high bid. See website for full terms, due diligence docs and registration. INVEST TODAY, OCCUPY TOMORROW! Freestanding brick office building on 0.51± acre in the City of Staunton, 100% leased with income starting at closing. THE INCOME: Leased to an established salon & spa tenant through 5/31/2028 at $4,635/mo ($55,620/yr) with 3% annual increases every June 1, reaching $4,774/mo in June 2027. One 3-year renewal option. Est. NOI approx. $37,600 in year one, growing to approx. $39,200. Low taxes of just $2,817/yr. $4,500 security deposit held. Lease, rent history and expense summary available. THE BUILDING: 3,306± SF over two finished levels of 1,653± SF each. The walk-out lower level has its own ground-level entrance, so it works as one office or two separate suites. Occupy one level and lease the other. Private offices, conference rooms, kitchenette with granite counters, 4 half baths and finished hallways. Low-maintenance brick construction, shingled gable roof, electric heat pumps with central A/C, plus a stone outbuilding for storage. THE LOCATION: 22,216± SF lot with paved parking wrapping the building with room for staff and clients, landscaped grounds and a pylon sign at the street. Just off Statler Blvd (approx. 10,000 VPD), less than a mile to downtown Staunton and the Amtrak station, with 8,000+ residents within one mile. Zoned B-1 Local Business. Flood Zone X. OWNER-USERS: Buy now, let the tenant pay down your carrying costs, and move in mid-2028. Ideal for medical, financial, insurance, legal, or real estate offices, subject to zoning verification with the City of Staunton. Rare chance to secure stable income today and your future headquarters tomorrow!

Property Features