Property photo 1
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ActiveMLS# 683852

$559,000

317 W Main St

Waynesboro, VA 22980

0 BD|0 BA|4,300 SQFT|$130/sqft

About This Property

Fully leased downtown Waynesboro retail investment offered at $559,000 with an approximately 9.05% current cap rate based on seller-reported operations. Approximately 4,300 SF divided into two retail spaces occupied by Boutique in the Boro and Blue Ridge Aquatics. Each space has its own storefront entrance, dedicated HVAC system, separately metered electricity, and private bathroom. Extensive renovation completed by the end of 2023 included a new roof, electrical, plumbing, HVAC systems, bathrooms, complete interior buildouts, façade, and entryways. Tenants reimburse taxes, CAM, and insurance. Both initial lease terms extend into 2028; Suite B includes a three-year renewal option. Main Street storefront exposure and C-B zoning complement this income-producing opportunity. Real estate only; tenant businesses and personal property are excluded.

Property Details

Property TypeCommercial
Lot Size4,356 sqft
Stories1
Price / Sqft$130
MLS Number683852

Tammy Wiles

Virginia Real Estate Broker

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Est. Monthly Payment

$3,362

P&I: $2,827 | Tax: $396 | Insurance: $140

$559,000
%
%
Loan Amount$447,200
Down Payment$111,800

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

317 W Main St, Waynesboro, VA 22980

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