REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 300,000
Est. payment /mo
New
413 N Coalter ST Staunton, VA 24401
3,306 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,306 sqft
Price per Sqft $90
MLS Listing ID 2629742
HOA Y/N No
Year Built 1986
Property Description
Property is being sold through a virtual auction on the listing brokerage website and ends December 4 @ 12 PM. List price does not reflect final sale price. Property will convey AS-IS, where is. There is a 10% buyer's premium added to the high bid. See website for full terms, due diligence docs and registration.
INVEST TODAY, OCCUPY TOMORROW! Freestanding brick office building on 0.51± acre in the City of Staunton, 100% leased with income starting at closing.
THE INCOME: Leased to an established salon & spa tenant through 5/31/2028 at $4,635/mo ($55,620/yr) with 3% annual increases every June 1, reaching $4,774/mo in June 2027. One 3-year renewal option. Est. NOI approx. $37,600 in year one, growing to approx. $39,200. Low taxes of just $2,817/yr. $4,500 security deposit held. Lease, rent history and expense summary available.
THE BUILDING: 3,306± SF over two finished levels of 1,653± SF each. The walk-out lower level has its own ground-level entrance, so it works as one office or two separate suites. Occupy one level and lease the other. Private offices, conference rooms, kitchenette with granite counters, 4 half baths and finished hallways. Low-maintenance brick construction, shingled gable roof, electric heat pumps with central A/C, plus a stone outbuilding for storage.
THE LOCATION: 22,216± SF lot with paved parking wrapping the building with room for staff and clients, landscaped grounds and a pylon sign at the street. Just off Statler Blvd (approx. 10,000 VPD), less than a mile to downtown Staunton and the Amtrak station, with 8,000+ residents within one mile. Zoned B-1 Local Business. Flood Zone X.
OWNER-USERS: Buy now, let the tenant pay down your carrying costs, and move in mid-2028. Ideal for medical, financial, insurance, legal, or real estate offices, subject to zoning verification with the City of Staunton.
Rare chance to secure stable income today and your future headquarters tomorrow!
INVEST TODAY, OCCUPY TOMORROW! Freestanding brick office building on 0.51± acre in the City of Staunton, 100% leased with income starting at closing.
THE INCOME: Leased to an established salon & spa tenant through 5/31/2028 at $4,635/mo ($55,620/yr) with 3% annual increases every June 1, reaching $4,774/mo in June 2027. One 3-year renewal option. Est. NOI approx. $37,600 in year one, growing to approx. $39,200. Low taxes of just $2,817/yr. $4,500 security deposit held. Lease, rent history and expense summary available.
THE BUILDING: 3,306± SF over two finished levels of 1,653± SF each. The walk-out lower level has its own ground-level entrance, so it works as one office or two separate suites. Occupy one level and lease the other. Private offices, conference rooms, kitchenette with granite counters, 4 half baths and finished hallways. Low-maintenance brick construction, shingled gable roof, electric heat pumps with central A/C, plus a stone outbuilding for storage.
THE LOCATION: 22,216± SF lot with paved parking wrapping the building with room for staff and clients, landscaped grounds and a pylon sign at the street. Just off Statler Blvd (approx. 10,000 VPD), less than a mile to downtown Staunton and the Amtrak station, with 8,000+ residents within one mile. Zoned B-1 Local Business. Flood Zone X.
OWNER-USERS: Buy now, let the tenant pay down your carrying costs, and move in mid-2028. Ideal for medical, financial, insurance, legal, or real estate offices, subject to zoning verification with the City of Staunton.
Rare chance to secure stable income today and your future headquarters tomorrow!
Location
State VA
County Staunton
Area 260 - Staunton
Interior
Heating Zoned
Exterior
Roof Type Composition,Shingle
Topography Level
Total Parking Spaces 30
Building
Lot Description Level
Building Description Brick, No Elevators,Parking
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Others
Tax ID 8888
Ownership Investment,Owner-User
Virtual Tour https://www.dudleyresources.auction/auctions/detail/bw173205
Listed by Dudley Resources