317 W Main St, Waynesboro, VA 22980

Property Description

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.