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    Property profile

    1936 Medical Ave Harrisonburg, VA 22801

    FOR SALE
    Commercial land
    Property ID
    US87-2498528
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    1936 Medical Ave, Harrisonburg, VA 22801 For Sale
    $945,000
    1936 Medical Ave, Harrisonburg, VA 22801
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    Property summary

    AI-generated overview

    MAJOR PRICE REDUCTION!! Great opportunity for professional office, medical office, potential multi-family, local retail, and many others! Well located parcel in the heart of Harrisonburg's commercial activity. Adjacent Residence Inn by Marriott and Fairfield Inn by Marriott. Minutes from JMU campus and I-81. One of only a few remaining raw land parcels in this area. See Agent for details. Property will be deed restricted against hotel use.

    Property profile

    Verified
    Property type Commercial land
    UPID US87-2498528

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Location

    1936 Medical Ave Harrisonburg, VA 22801
    Harrisonburg metro
    Google Maps

    Value estimations

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    Owner & transaction history

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Contact for pricing
      2.00 Acres
      Prime Commercial Lot For Sale
      2-acre commercial lot ready for development near JMU campus.
      1001 Port Republic Rd, Harrisonburg, VA 22801
      View Details
    • $2,990,000
      6.01 Acres
      Commercial Development Land with Road Frontage
      6.01-acre B-2 site with frontage on three sides and easy access to S Main and I-81 for flexible commercial development.
      55 BAXTER DR, Harrisonburg, VA 22801
      View Details
    • $1,650,000
      14.46 Acres
      Commercial Land Near Interstate
      B-1 commercial zoning with public water and sewer availability near interstate access.
      N VALLEY PIKE, Harrisonburg, VA 22801
      View Details
    • Contact for pricing
      Commercial Land with VDOT Entrance
      Commercial land with existing water, sewer, and a VDOT-approved entrance on South Main Street.
      4030 South Main, Harrisonburg, VA 22801
      View Details
    • New
      $350,000
      0.61 Acres
      Commercial Land Parcel Zoned B-1
      A 0.61-acre commercial land parcel zoned B-1 Business General in Rockingham, VA.
      Harrisonburg, VA 22801
      View Details
    • $499,000
      1.20 Acres
      1.2 Acre Lot in Harrisonburg
      1.2 acre lot suitable for medical, financial, or professional use.
      Lot 7 Naomi's Way, Harrisonburg, VA 22801
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.00 Acres
      Prime Commercial Lot For Sale
      2-acre commercial lot ready for development near JMU campus.
      1001 Port Republic Rd, Harrisonburg, VA 22801
      View Details
    • $2,990,000
      6.01 Acres
      Commercial Development Land with Road Frontage
      6.01-acre B-2 site with frontage on three sides and easy access to S Main and I-81 for flexible commercial development.
      55 BAXTER DR, Harrisonburg, VA 22801
      View Details
    • $1,650,000
      14.46 Acres
      Commercial Land Near Interstate
      B-1 commercial zoning with public water and sewer availability near interstate access.
      N VALLEY PIKE, Harrisonburg, VA 22801
      View Details
    • Contact for pricing
      Commercial Land with VDOT Entrance
      Commercial land with existing water, sewer, and a VDOT-approved entrance on South Main Street.
      4030 South Main, Harrisonburg, VA 22801
      View Details
    • New
      $350,000
      0.61 Acres
      Commercial Land Parcel Zoned B-1
      A 0.61-acre commercial land parcel zoned B-1 Business General in Rockingham, VA.
      Harrisonburg, VA 22801
      View Details
    • $499,000
      1.20 Acres
      1.2 Acre Lot in Harrisonburg
      1.2 acre lot suitable for medical, financial, or professional use.
      Lot 7 Naomi's Way, Harrisonburg, VA 22801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      Drive-Thru Development Land
      Frontage on East Market Street with ~29,000 vehicles daily and flexible drive-thru or multi-tenant development options.
      1870 E Market St, Harrisonburg, VA 22801
      View Details
    • Contact for pricing
      Ground-Lease Commercial Land in B-2
      General business ground lease with access via signalized intersection and exposure to traffic on Stone Spring Road and Port Republic Road.
      STONE SPRING RD lot: 26, Harrisonburg, VA 22801
      View Details
    • New
      Contact for pricing
      0.91 Acres
      High-Visibility Commercial Land For Lease
      0.91 acre commercial land for ground lease or build-to-suit.
      3269 S Main St, Harrisonburg, VA 22801
      View Details
    • Contact for pricing
      Commercial Land Restaurant Pad
      B-2-zoned commercial pad planned for a freestanding drive-through restaurant or larger retail building.
      2335 E MARKET ST, Harrisonburg, VA 22801
      View Details
    • Contact for pricing
      Commercial Land with Drive-Through Option
      B-2 General Business-zoned site on East Market Street with flexible commercial development concepts.
      1870 E MARKET ST, Harrisonburg, VA 22801
      View Details
    • Contact for pricing
      Flex Space with Loading Docks
      Heated flex building with concrete floors, radiant heating, and multiple loading points for industrial operations.
      641 ACORN DR, Harrisonburg, VA 22801
      View Details
    Recent comparable sales
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