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Property profile & analytics
FOR SALE
Commercial real estate

2585 Evelyn Byrd Ave Harrisonburg, VA 22801

1.28 ac lot
Property ID
US87-2876057
Property summary
AI-generated overview

This exceptional 1.3-acre property, encompassing two combined lots (1A and 1B) within the Blue Stone Hills Subdivision at 2585 and 3011 Evelyn Byrd Avenue in Harrisonburg, VA, presents a unique investment chance. Boasting 256 feet of road frontage, this location offers unparalleled access to key areas, including East Market Street, I-81, James Madison University (JMU), and Sentara Healthcare. The site's prime position within the city's thriving business district ensures high visibility and convenient access for clients and employees. The property's zoning allows for a variety of uses, including medical offices, professional offices, or multi-family dwellings, with the possibility of special use permits upon application. A proposed site plan illustrates the potential for a two-story, two-building professional office complex. The ample 1.3-acre lot allows for plentiful parking for cars, bikes, and scooters, while maintaining significant green space. Previous uses have ranged from a fraternity house to a nursing home, highlighting the versatility of this location. The seller anticipates that a retaining wall may not be necessary, further reducing development costs. This is a rare opportunity to acquire a substantial parcel in a highly desirable and rapidly developing area of Harrisonburg. The property is priced at $497,000.

Property profile
Verified
Property type Commercial real estate
Lot 1.28 ac (55,757 SF)
UPID US87-2876057
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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