:: Objective ::

In May of 2004, I purchased a 3 story Victorian style brick building in the heart of the Downtown Business and Historic Districts of Staunton, Virginia www.staunton.va.us. Originally constructed in 1894, the building had been well cared for and renovated on the first two floors for retail and office space. The third floor, however, had remained unchanged for over 100 years. My program was to build an upscale open flat for myself, and a studio apartment that could either be rented or maintained as a guest suite. As a carpenter and general contractor for almost 30 years (Community Builders, Inc.) and the owner of a custom cabinet shop www. cabinetworks.cc, I was now ready to do for myself what I do for my customers. I completed the work and have been living here for over 2 years now. As much as I enjoy the space and the lifestyle, I have started another project, and I need to sell this wonderful building to finance the construction of a new showroom for my cabinet business.


:: General Information ::

Address:

101 West Beverley Street, Staunton, VA 24401
Corner of Central Avenue and Beverley Street

Size:

24' x 100'
2400 square feet per floor
7200 square feet total

Utilities:

Separate gas meters and electric meters for each tenant.
All plumbing, electrical, heating and cooling systems, and insulation are new since 1996.

Roof:

Rubber membrane installed new in 1996

Security:

Keypad operated, remotely operable electric entrance door.
Two-way intercom to the foyer entrance door.
Monitored central smoke and fire alarm system.

Exterior:

Original painted brick. Re-painted in 2005

Taxes:

$2,900 in 2007

Rental Income:

$40,000/year on the first
2 floors (fully leased).
Owner occupied third floor would rent for approximately $19,000/year

:: Price ::

$934,600


:: Contact ::

For more information, please contact Tim Cox at timcox871@gmail.com