Former Truist Bank | Downtown Winchester | $94K AHHI

Highlights:

• Downtown Former Truist Bank on Rare 0.27 Acre Site with Second Story and Basement Offices
• Strategic Frontage and Visibility on Rouss Ave and N Cameron St with Traffic Counts of 6,375 VPD
• Affluent Demographics with $94,985 Average Household Income and ±70,998 People within a 5-Mile Radius
• Located in Historic Old Town Directly Across from City Hall, Prominent Law Offices, Restaurants, County Offices, Retail, and Dense Residential
• 3.87% Population Growth from 2020-2024 and 5.78% Growth Projected from 2024-2029 (5-mile radius)
• Zoned B-1, Central Business District with a Variety of Commercial Uses

Description:

Ri Marketplace Online Auction December 8th - 10th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2872/former-truist-bank-downtown-winchester-94k-ahhi?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2872

Marcus & Millichap is pleased to present a vacant, former Truist Bank located at 38 Rouss Avenue, Winchester, VA 22601 (the “Property”). The Property improvements consist of approximately 7,621 square feet of gross building area distributed over a two-story building connected to a single-story building. The Property also features a 2,208 SF basement with finished areas, no windows, and an underground passage to an adjacent building. The Property is currently vacant and was previously owner-occupied by Truist Bank. The Property offers potential owner users/investors the ability to acquire a downtown retail bank building with significant value add through lease up at long term market rates (CoStar estimated retail rents of $12-14/SF NNN). The Property is strategically positioned on a ±0.27 acre (±11,793 SF) hard corner parcel directly across from Winchester City Hall, offers three surface parking spaces, and is easily accessible via three points of ingress/egress along North Cameron Street (±6,375 VPD) and Rouss Avenue. The Property is Zoned B-1, Central Business District, which offers favorable flexible zoning allowing for a variety of commercial and retail uses via adaptive reuse or repositioning. The drive-thru facility is subject to a restrictive easement to be operated, controlled, managed by Truist Bank – review the due diligence vault for a copy of the CCR.

Winchester is located within Frederick County approximately ±90 minutes from Washington, D.C. The Old Town Winchester district, located at the northern edge of the Shenandoah Valley, offers commercial real‑estate developers a high‑visibility, amenity‑rich submarket anchored by a historic 45‑block National Register district and a pedestrian mall featuring dining, specialty retail, and cultural attractions. The neighborhood draws both regional visitation - thanks to its historic architecture, festivals like the Apple Blossom, and local trade from affluent Frederick County households, creating a blended demand base. The site offers excellent regional connectivity via Interstate 81 (±70,077 VPD) and US-50/Millwood Pike (±17K VPD). The Property sits directly across from City Hall and surrounded by traffic drivers and amenities such as Stonewall Jackson’s Headquarters, Apple Blossom Mall, Home Depot, Lowe’s, Handley High School, The George Washington Hotel, and many more. Winchester also benefits from a strong employment base anchored by Valley Health System, Amazon, Navy Federal Credit Union, Trex Company, and other regional employers, supporting long-term daytime population and economic stability. The Property is located within a dense trade area of ±49,612 residents with an average household income (AHHI) of ±$89,832 within 3-mi and ±70,998 residents with an AHHI of $94,985 within 5-mi, reinforcing the site’s lasting appeal for both investors and owner/users. The 5-mile trade area is also experiencing notable population growth, with increases of approximately 3.87% growth from 2020-2024 with 5.78% growth expected to continue through 2029, further strengthening long-term demand fundamentals.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 2907003627
Co:2908000783
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: