219 Arch Ave
$1,019,500
219 Arch Ave, Waynesboro, Va 22980
For Sale
Retail
Active
Last Updated: 02/04/2025
6
Cap Rate
62,700
NOI
Details:
Cap Rate: 6%
NOI: $62,700
Building Size: 3,800 sqft
Year Built: 2019
Price Per Sqft: $268.29
Zoning: C-B
Highlights:
- Days on Market: 316
- Heating: Heat Pump(s)
Description:
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 (guaranteed by the Commonwealth of Virginia Alcohol Beverage Control Authority) 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.
Location
Gallery
