I started thinking about Waynesboro today because we're representing a property at Madison Monroe that's over on Main St. there. It's a huge space, 10,000 square feet. The price is so low I can't believe it.
$4.00/square foot!!!
Waynesboro sells itself a little short in this department, I think. I know that houses go for nothing out there because what was left of their demand for housing evaporated with the economy, and people don't want to commute to Charlottesville from Waynesboro anymore with gas prices where they are. Of course, the problem is much more complicated than all of that, but this is a blog.
But here's what I think about shops and business centers in Waynesboro:
- Waynesboro is still close enough to Staunton and Charlottesville and Harrisonburg that if something worth driving for were there, people would make the trip.
- Waynesboro has HUGE spaces. Warehouses. Giant retail locations. Old factories. All for next to nothing.
- So why not keep the rents up and actively look for co-op factories and warehouse tenants?
I think Waynesboro can make it happen if they got together and looked for shared spaces tenants.
What do you think?
Meanwhile, here's a link to the property we have in Waynesboro. It's a really nice one for $4.00/sf.
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