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219 Arch Avenue, Waynesboro, VA 22980
$1,053,000
219 Arch Avenue, Waynesboro, VA 22980View this property at 219 Arch Avenue, Waynesboro, VA 22980
219 Arch AvenueWaynesboroVA22980
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Property Description
Freestanding 3,800 SF retail building on 0.43 acre lot with abundant parking - 17 spaces. Leased on NNN basis to VA ABC 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. 6% Cap Rate! 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
Full Property Details for 219 Arch Ave
General
- Price: $1,053,000
- Taxes: $2,857 (2022)
- Status: Active
- Type: Retail
- MLS ID: VAWB2000086
- Updated: 5/2/2024
- Added to Site: 83 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.: $277.11
- 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
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 16
Listed by Weber Rector Commerical Real Estate Services, Inc., Coleman G Rector
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Schools
Schools serving 219 Arch Ave
School District:Waynesboro City Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1020 Jefferson Ave, Waynesboro, VA 22980 | K-5 | 1 mi | |
1625 Ivy St, Waynesboro, VA 22980 | 6-8 | 1 mi | |
1200 W Main St, Waynesboro, VA 22980 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
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
5/02/2024
Price Reduced
$1,053,000
-4.01%
MLS
2/29/2024
Listed
$1,097,000
-2.05%
MLS
6/08/2021
Sold
$1,120,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 219 Arch Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,052
7%
$396,400
25%
2022
$2,857
—
$317,400
—
2021
$2,857
122%
$317,400
122%
2019
$1,286
9%
$142,900
9%
2018
$1,182
4%
$131,300
—
2017
$1,142
23%
$131,300
13%
2016
$927
—
$115,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 219 Arch Ave
219 Arch Avenue, Waynesboro, VA 22980 (MLS# VAWB2000086) is a Retail property. 219 Arch Avenue is currently listed for $1,053,000 and was received on February 29, 2024. 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.