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$ 209,000
Est. payment /mo
Active
430 COMMERCE AVE N Waynesboro, VA 22980
2,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $83
MLS Listing ID 657278
HOA Y/N No
Year Built 1955
Tax Year 2023
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Building
Property Description
Fully leased investment opportunity in the heart of Waynesboro's growing commercial corridor. This 2,500 SF commercial building is occupied by the Owls Club under lease through April 2027, providing immediate income for an investor. The tenant has completed significant interior improvements including a commercial kitchen, lounge/event space, and new HVAC systems, creating a turnkey entertainment and gathering venue. Recent capital improvements include a replacement roof, reducing near-term maintenance concerns for ownership. The property is zoned MX-B and offers flexibility for future retail, restaurant, office, event venue, or mixed commercial uses. An adjacent lot located at 434 N Commerce Ave may also be purchased separately, providing additional parking, expansion potential, or future development opportunities. Excellent opportunity for an investor seeking stable cash flow with upside potential in a revitalizing area of Waynesboro. Building is currently leased through April 2027.
Location
State VA
County Waynesboro
Zoning Mixed Use Business
Interior
Heating Heat Pump
Cooling Central Air, Ductless
Flooring Concrete
Fireplace No
Exterior
Utilities Available Natural Gas Available
Water Access Desc Connected
Roof Type Rolled/Hot Mop
Building
Sewer Connected
Water Connected
Level or Stories One
Others
Tax ID 3397
Listed by KLINE & CO. REAL ESTATE