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Listed by Tim Dudley • Dudley Auctions Inc
$300,000
Est. payment /mo
0.5 Acres Lot
New
413 N COALTER ST Staunton, VA 24401
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID VASC2000962
Year Built 1986
Annual Tax Amount $2,429
Tax Year 2026
Lot Size 0.504 Acres
Acres 0.5
Property Sub-Type Office
Source BRIGHT
Property Description
The property is being sold through a virtual auction on the listing brokerage website and ends on December 4 @ 12 PM. The list price does not reflect the 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. https://www.dudleyresources.auction/auctions/detail/bw173205
Dudley Resources is offering a freestanding, fully leased brick office building on 0.51± acre in the City of Staunton. It suits two kinds of buyer. Investors get a 100%-occupied building with rent already coming in and built-in increases. Owner-users get a well-kept professional building they can own now and move into when the current lease ends in May 2028.
The building
Built in 1986, the building has 3,306± SF across two finished levels: 1,653± SF on the main floor and a 1,653± SF walk-out lower level with its own ground-level entrance. Brick veneer construction, a shingled gable roof and electric heat pumps with central air keep it simple to own. Inside are private offices, conference rooms, a kitchenette with granite counters, four half baths and finished hallways. A stone outbuilding on the lot adds storage.
The two separate entrances matter. The levels can work as one office or as two suites, so a future owner can occupy one level and lease the other.
Site and location
The 0.51± acre lot (22,216± SF) has paved on-site parking that wraps the building, with [__] spaces for staff and clients, so no one has to park on the street. Landscaped grounds and a pylon sign at the street round it out. It sits just off Statler Boulevard, which carries about 10,000 vehicles a day, and less than a mile from the Staunton Amtrak station and downtown. More than 8,000 people live within one mile. The property is in Flood Zone X and is zoned B-1 Local Business, which allows a range of office, retail, and personal-service uses; buyers should confirm their intended use with the City of Staunton.
The lease
The whole building is leased to a single salon and spa tenant through May 31, 2028.
Current rent: $4,635 per month ($55,620 per year)
3% increases every June 1; $4,774 per month from June 2027
One 3-year renewal option
$4,500 security deposit held
Gross lease: landlord pays taxes, building insurance, and most utilities
For investors
The building sells subject to the existing lease, so income starts at closing. Estimated net operating income is about $37,600 in year one, rising to about $39,200 after the 2027 increase. That is roughly a 9% cap rate at $418,000. Real estate taxes are low at $2,817 a year on a 2026 assessment of $309,600. A lease, rent history and expense summary are available on request.
For owner-users
Businesses that want to own rather than rent can buy now, let the lease pay down the carrying cost, and plan their move for mid-2028. The building already works as a professional office, with private offices, meeting rooms, and plenty of parking for clients. Medical, financial, insurance, legal, and real estate offices are natural fits, subject to zoning.
Auction details
Auction type: Online
Bidding closes: December 4th @ 12pm
Opening bid: $300,000
Buyer's premium: 10% added to the high bid
Deposit: $5,000 due from the winning bidder on the credit card on file. Remaining Balance of buyer's premium due within 3 days
Closing: within 30 days
Conveyance: As-Is, Where Is
Preview: tenant notice required, so please schedule ahead
Sold subject to the existing lease and seller confirmation, unless stated otherwise
Dudley Resources is offering a freestanding, fully leased brick office building on 0.51± acre in the City of Staunton. It suits two kinds of buyer. Investors get a 100%-occupied building with rent already coming in and built-in increases. Owner-users get a well-kept professional building they can own now and move into when the current lease ends in May 2028.
The building
Built in 1986, the building has 3,306± SF across two finished levels: 1,653± SF on the main floor and a 1,653± SF walk-out lower level with its own ground-level entrance. Brick veneer construction, a shingled gable roof and electric heat pumps with central air keep it simple to own. Inside are private offices, conference rooms, a kitchenette with granite counters, four half baths and finished hallways. A stone outbuilding on the lot adds storage.
The two separate entrances matter. The levels can work as one office or as two suites, so a future owner can occupy one level and lease the other.
Site and location
The 0.51± acre lot (22,216± SF) has paved on-site parking that wraps the building, with [__] spaces for staff and clients, so no one has to park on the street. Landscaped grounds and a pylon sign at the street round it out. It sits just off Statler Boulevard, which carries about 10,000 vehicles a day, and less than a mile from the Staunton Amtrak station and downtown. More than 8,000 people live within one mile. The property is in Flood Zone X and is zoned B-1 Local Business, which allows a range of office, retail, and personal-service uses; buyers should confirm their intended use with the City of Staunton.
The lease
The whole building is leased to a single salon and spa tenant through May 31, 2028.
Current rent: $4,635 per month ($55,620 per year)
3% increases every June 1; $4,774 per month from June 2027
One 3-year renewal option
$4,500 security deposit held
Gross lease: landlord pays taxes, building insurance, and most utilities
For investors
The building sells subject to the existing lease, so income starts at closing. Estimated net operating income is about $37,600 in year one, rising to about $39,200 after the 2027 increase. That is roughly a 9% cap rate at $418,000. Real estate taxes are low at $2,817 a year on a 2026 assessment of $309,600. A lease, rent history and expense summary are available on request.
For owner-users
Businesses that want to own rather than rent can buy now, let the lease pay down the carrying cost, and plan their move for mid-2028. The building already works as a professional office, with private offices, meeting rooms, and plenty of parking for clients. Medical, financial, insurance, legal, and real estate offices are natural fits, subject to zoning.
Auction details
Auction type: Online
Bidding closes: December 4th @ 12pm
Opening bid: $300,000
Buyer's premium: 10% added to the high bid
Deposit: $5,000 due from the winning bidder on the credit card on file. Remaining Balance of buyer's premium due within 3 days
Closing: within 30 days
Conveyance: As-Is, Where Is
Preview: tenant notice required, so please schedule ahead
Sold subject to the existing lease and seller confirmation, unless stated otherwise
Location
State VA
County Staunton City
Zoning B-1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Laminate Plank
Heat Source Electric
Exterior
Garage Spaces 30.0
Water Access N
Roof Type Architectural Shingle
Accessibility Other
Total Parking Spaces 30
Garage N
Building
Sewer Public Septic
Water Public
New Construction N
Schools
School District Staunton City Public Schools
Others
Tax ID 8888
Ownership Fee Simple
Acceptable Financing Cash, Contract, Conventional, Other
Listing Terms Cash, Contract, Conventional, Other
Financing Cash,Contract,Conventional,Other
Special Listing Condition Auction
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Carlos And Janeen Robinson
Realtors® Carlos MD 650861Janeen MD 652074Janeen DC SP98379274