632 Charles St, Staunton, VA 24401
sale
$3,200,000
|
Other
Courtesy Of Funkhouser & Associates
LSK Plaza represents a rare opportunity to acquire a fully-occupied, stabilized mixed-use portfolio in the heart of Staunton, Virginia. Comprising three parcels totaling approximately 1.99 acres in the Gaymont Homes Historic District, the portfolio offers a compelling blend of commercial retail income and multifamily residential cash flow with zero vacancy across all 28 units. With a 2025 Net Operating Income of $193,896 and an asking price of $3,200,000, this offering presents investors with a 6% capitalization rate with meaningful upside potential. Listing consists of 3 adjacent properties: 630 Charles: 1820 SF flex space with office; 632-634 Charles: 8 ground-floor commercial spaces, with 16 apartments on 2nd floor; 644 Greenville: Commercial retail strip with Papa John's and UPS among the tenants. OWNER AGENT.
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Property Features
- Architecture Style: Other
- Building Units: 28
- Floors: 2
- Legal Description: BLK 1 LOTS 18 & 19-SEC 1; LOT 5R SEC 1 BLK 1-0.978 AC; BLK 1 LOTS 18 & 19-SEC 1
- MLSID: 676617
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