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$1,000,000

  • Sold
  • Closed
  • Retail
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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.

Full Property Details for 219 Arch Ave

General

  • Sold For: $1,000,000
  • Taxes: $2,857 (2022)
  • Status: Closed
  • Type: Retail
  • Source: BrightMLSMidAtlantic
  • MLS ID: VAWB2000086
  • Added to Site: 692 day(s) ago

Business

  • Business Type: Other/General Retail, Supermarket/Grocery Store

Parking

  • Total Spaces: 17
  • Parking Type: Parking Lot

Location

  • County: Waynesboro City
  • Driving Directions: 219 Arch Ave

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Natural Gas
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Other
  • Stories/Levels: 0
  • Year Built: 2019
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Single

Lot Features

  • Lot Size (Acres): 0.43
  • Lot Size (Sq. Ft.): 18,731
  • Lot Size Source: Assessor
  • Lot Dimensions: 0.00 x 0.00
  • Zoning: C-B

Financial Considerations

  • Price Per Sq. Ft.: $268.29
  • Assessment Year: 2022
  • City/TownTax: $2,857
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $317,400
  • Tax Amount: $2,857
  • Tax Year: 2022

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 16

Listed by Weber Rector Commerical Real Estate Services, Inc., Coleman G Rector
Sold by Crossroads Realtors, Tom Compton Jr.

Listing agent

— 219 Arch Ave —

  • Coleman G Rector

    Weber Rector Commerical Real Estate Services, Inc.

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 219 Arch Ave

School District:Waynesboro City Public Schools
NameGradesDistance
Berkeley Glenn Elementary School
1020 Jefferson Avenue, Waynesboro, VA 22980
K-51 mi
Kate Collins Middle School
1625 Ivy Street, Waynesboro, VA 22980
6-81 mi
Waynesboro High School
1200 East Main Street, Waynesboro, VA 22980
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 219 Arch Ave

Date
Details
Price
Change
Source
2/27/2025
Sold
$1,000,000
-1.91%
MLS
1/08/2025
Price Reduced
$1,019,500
-1.97%
MLS
7/22/2024
Price Reduced
$1,040,000
-1.23%
MLS
5/02/2024
Price Reduced
$1,053,000
-4.01%
MLS
2/29/2024
Listed
$1,097,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Weber Rector Commerical Real Estate Services, Inc., Coleman G Rector
Sold by Crossroads Realtors, Tom Compton Jr.

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219 Arch Avenue, Waynesboro, VA 22980 (MLS# VAWB2000086) is a Retail property that was sold at $1,000,000 on February 27, 2025. Want to learn more about 219 Arch Avenue? Do you have questions about finding other Retail real estate for sale in Waynesboro? You can browse all Waynesboro real estate or contact a Coldwell Banker agent to request more information.