Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1975
Sq.Footage
N/A
Fully leased, mixed use investment property in Downtown Harrisonburg with additional development potential at a 6.3% CAP rate based on current NOI. Professional office, Boutique retail and Health/Wellness currently serve as a great tenant mix. The addition of a high quality common area lobby helps provide a 1st class feel. The new, long term, NNN leases, provide investment security. In addition take advantage of the Federal Qualified Opportunity Zone and Harrisonburg’s Economic Revitalization Tax Credit by developing the vacant, attached lot. Vacant Lot: .08 acre, B1 zoning: No minimum setbacks, parking requirements or lot size requirements. Up to 75 feet in height (taller via a special use permit). Potential for a by right development of a 7 story, 28 unit apartment building subject to site plan approval. Water meter in place, just needs a size upgrade. Electric, Gas and Sewer on the premises.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Natural Gas, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Stucco
-
Parking
On Street, Garage, Off Site, Other
-
Pool
No
-
Waterfront YN
NO
-
View
City, Street
Area & Lot
-
Lot Features
Corner Lot, Zero Lot Line
-
Lot Size(acres)
0.26
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$3,200,000
-
Tax Amount
27165.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
CALL SCHOOL BOARD
-
Middle School
CALL SCHOOL BOARD
-
High School
HARRISONBURG
Property Features
-
Stories
2
-
Accessibility Features
Accessible Elevator Installed
-
Foundation Details
Brick/Mortar
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
HARRISONBURG CITY
Elementary School
CALL SCHOOL BOARD
Middle School
CALL SCHOOL BOARD
High School
HARRISONBURG
Listing Courtesy of Keith A May , Cottonwood Commercial, LLC.
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AGENT
Laurie Hailey
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