Multifamily
Park Station Villas
260 N Commerce Ave, Waynesboro, VA 22980
Listing Price: $1,870,000
Investment Overview
Marcus & Millichap is pleased to present the offering memorandum for Park Station Villas located at 260 N Commerce Avenue in Waynesboro, VA.
The property consists of twenty-eight units in one, two-story building constructed in 1941 and renovated in 2023. There are six studio units, twenty, one-bedroom one-bathroom units and two, two-bedroom one-bathroom units. The adjacent building, 280 N Commerce Avenue (eleven units) is ready for redevelopment.
Waynesboro is situated in the heart of the Shenandoah Valley, surrounded by beautiful scenery and outdoor recreational opportunities. Its proximity to major cities like Charlottesville and Richmond makes it an attractive location for commuters and residents seeking a quieter lifestyle outside of urban centers. Overall, Waynesboro, VA, offers a combination of economic stability, affordability, and growth potential that makes it a
promising location for multifamily real estate investment.
Park Station Villas
Investment Highlights
- 28 Units: A Mix of Studio Units, One- & Two-Bedroom Units
- The Adjacent Building, 280 N Commerce Avenue, Provides The Redevelopment Opportunity For Additional 11 Units
- TRANSIT ORIENTED Easy access to I-64, I-81, and Route 250
- EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 15 minutes from the Augusta Health Center, Target Distribution Center, Hershey Chocolate Plant and many more
Exclusively Listed By
Listing Price: $1,870,000
Investment Highlights
- 28 Units: A Mix of Studio Units, One- & Two-Bedroom Units
- The Adjacent Building, 280 N Commerce Avenue, Provides The Redevelopment Opportunity For Additional 11 Units
- TRANSIT ORIENTED Easy access to I-64, I-81, and Route 250
- EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 15 minutes from the Augusta Health Center, Target Distribution Center, Hershey Chocolate Plant and many more
Investment Overview
Marcus & Millichap is pleased to present the offering memorandum for Park Station Villas located at 260 N Commerce Avenue in Waynesboro, VA. The property consists of twenty-eight units in one, two-story building constructed in 1941 and renovated in 2023. There are six studio units, twenty, one-bedroom one-bathroom units and two, two-bedroom one-bathroom units. The adjacent building, 280 N Commerce Avenue (eleven units) is ready for redevelopment. Waynesboro is situated in the heart of the Shenandoah Valley, surrounded by beautiful scenery and outdoor recreational opportunities. Its proximity to major cities like Charlottesville and Richmond makes it an attractive location for commuters and residents seeking a quieter lifestyle outside of urban centers. Overall, Waynesboro, VA, offers a combination of economic stability, affordability, and growth potential that makes it a promising location for multifamily real estate investment.
Exclusively Listed By
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