18 S MARKET ST
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Location
18 S MARKET ST
Acct#
8905
Owner
ECONOMIC DEV AUTH OF THE
Total Market Value
$9,143,400
PID
8905
Building Count
1
Legal Description
LOT 1 ON PLAT REV STONE--WALL JACKSON HOTEL PROP.-99 YR LEASE = TAXED AS OWNER PER VA CODE 58.1-3203. CREATE ***LEASEHOLD INTEREST*** IN YEAR 2053. SEE INSTR. #040001996.
Historic Dist
11 BEV
Zoning
B2
Map Number
375
Subdivision
CENTRAL CITY
Current Value
Assessment
Valuation YearImprovementsLandTotal
2025$9,074,200$69,200$9,143,400

Owner of Record
OwnerECONOMIC DEV AUTH OF THE
Co-OwnerCITY OF STAUNTON VIRGINIA
Address222 CENTRAL PARK AVE
#2100 ATTN: CHRIS HAVEY
VIRGINIA BEACH, VA 23462
Sale Price$500,000
Certificate
Book & Page 040001991/0
Sale Date05/28/2004
Instrument01

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
ECONOMIC DEV AUTH OF THE$500,000 040001991/00105/28/2004
PERSINGER ALLEN L & KATHERINE G$15,000 0423/02120505/07/1999
D & L CONSTRUCTION, L.L.C.$34,000 0382/08340102/21/1997
ASW PROPERTIES$30,000 0285/00150105/04/1988
ANDERSON HOWARD H ETAL$0 0000/00000103/23/1987

Building Information
Building 1 : Section 1
Year Built: 2005
Living Area: 100,501
Replacement Cost
Less Depreciation:
$18,781,800
Building Attributes
FieldDescription
Style:Hotels/Motels
ModelComm/Ind
GradeB+ Level 2
Stories:5
SF Bsmt 
Exterior Wall 1Brick
Exterior Wall 2 
Roof StructureFlat
Roof CoverMembrane
Interior Wall 1Drywall
Adjustment 
Interior Floor 1Cpt/Tile
Occupancy 
Heating FuelGas
Heating TypeHeat Pump
AC TypeCentral
FoundationConc Wall
Bldg UseHotels/Motels
Total Rooms0
Total Bedrms0
Total Baths0
Half Baths0
Bsmt TypePartial
1st Floor Use: 
Attic TypeN/A
Frame TypeF-P Steel
Attic SF0
Ceiling/Wall 
Rooms/Prtns 
Wall Height0.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSFinished Upper Story 93,001 93,001
BASFirst Floor 7,500 7,500
BCYBalcony 2,091 0
CANCanopy 2,221 0
FEPFinished Enclosed Porch 178 0
   104,991 100,501

Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code226
DescriptionHotels/Motels  
ZoneB2
NeighborhoodCEN BUS DIST
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.32
Frontage
Depth
Total Market Land$69,200

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$9,074,200$69,200$9,143,400
2024$7,876,800$62,900$7,939,700
2023$7,876,800$62,900$7,939,700

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