Bought with Cassidy R Burns • BPG Real Estate
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Key Details
Sold Price $2,950,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID VAHC2000468
Sold Date 08/11/26
Year Built 1975
Annual Tax Amount $27,165
Tax Year 2025
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
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.
Location
State VA
County Harrisonburg City
Zoning B1
Interior
Hot Water Electric, Natural Gas
Heating Central
Cooling Central A/C, Roof Mounted
Flooring Hardwood, Luxury Vinyl Plank
Heat Source Natural Gas
Exterior
Garage Spaces 50.0
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available, Under Ground
Water Access N
View City, Street
Roof Type Metal,Rubber
Street Surface Access - On Grade,Black Top,Paved
Accessibility 2+ Access Exits, Elevator
Road Frontage City/County, Public
Total Parking Spaces 50
Garage N
Building
Lot Description Additional Lot(s), Corner, Road Frontage, Zero Lot Line
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Call School Board
Middle Schools Call School Board
High Schools Harrisonburg
School District Harrisonburg City Public Schools
Others
Tax ID 34-T-12
Ownership Fee Simple
Security Features Fire Detection System
Special Listing Condition Standard
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Floretta Davis
Team Leader | License ID: 0225265926
Team Leader License ID: 0225265926




