1215 Greenville Ave, Staunton, VA 24401

Property Description

Income-producing 3,500 sq. ft. commercial building currently divided into three rental units, all leased on a month-to-month basis. The property offers excellent visibility, ample parking, and strong exposure along a high-traffic corridor. According to the VDOT AADT 2020 study, the site benefits from approximately 16,000 vehicles per day, making it ideal for retail, office, or service-based uses. Rents support a current Net Operating Income indicating a 9% Cap Rate, making this a compelling option for both investors and owner-occupants. Flexible tenancy allows for future repositioning, lease-up, or owner use. The surrounding commercial area is experiencing long-term transformation, including the planned mixed-use redevelopment of the former Staunton Mall property into a combination of residential, retail, and commercial spaces. This is expected to increase demand for nearby commercial property and enhance long-term value. Reach out to McClure Realty for more information.