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508 N Commerce Ave 2,532 SF Vacant Retail Building Front Royal, VA 22630 $825,000 ($325.83/SF)
INVESTMENT HIGHLIGHTS
- Corner location at N. Commerce Avenue & E. 5th Street in downtown Front Royal
- 375 SF Leased to First Bank through 2027 with Extension Options
- Traffic Count of 15,246 Vehicles Per Day with Monument Signage Available
- +/- 3,143 SF Building on 0.5166 Acres Zoned C1
- Just three blocks from the Warren County Government Center and U.S. Post Office
EXECUTIVE SUMMARY
Exceptional commercial property located on the corner of North Commerce Avenue and East 5th Street in downtown Front Royal. This ±3,143 SF single-story building sits on 0.5165 acres and is zoned C1, offering flexibility for office, retail, or mixed-use applications. The site benefits from high visibility and accessibility, with a traffic count of 15,246 vehicles per day, and is just three blocks from the Warren County Government Center and the U.S. Post Office.
The building features seven private offices, a conference room, two restrooms (including one handicap accessible), an entry vestibule, and a small lobby area. A 375 SF drive-through banking suite is currently leased to First Bank through September 2027, with extension options through 2030, providing stable rental income.
Utilities include public water and sewer, electric, and oil heat. Shared monument signage is available. With only 12% of the building currently leased, the property presents a strong opportunity for owner-users or investors seeking additional leasing potential.
Offered at $825,000. Showings by appointment only.
The building features seven private offices, a conference room, two restrooms (including one handicap accessible), an entry vestibule, and a small lobby area. A 375 SF drive-through banking suite is currently leased to First Bank through September 2027, with extension options through 2030, providing stable rental income.
Utilities include public water and sewer, electric, and oil heat. Shared monument signage is available. With only 12% of the building currently leased, the property presents a strong opportunity for owner-users or investors seeking additional leasing potential.
Offered at $825,000. Showings by appointment only.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
2,532 SF
Building Class
B
Year Built
1970
Price
$825,000
Price Per SF
$325.83
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.52 AC
Zoning
C1 - Commercial
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20A5-620-25 | Improvements Assessment | $319,963 |
| Land Assessment | $455,100 | Total Assessment | $775,063 |
PROPERTY TAXES
Parcel Number
20A5-620-25
Land Assessment
$455,100
Improvements Assessment
$319,963
Total Assessment
$775,063
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508 N Commerce Ave
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