Leased Commercial
New
For Sale
$186,300
3211 Peoples Drive, Harrisonburg, VA 22801
Commercial Sale, Harrisonburg, VA
Property Size937 SF
Price / SF$198.83
Days on Market3
Property Features for 3211 Peoples Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Standard status
Active
APN
104 I 8
Size
937 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
HOA Fee
$146 Monthly
Utilities
Heating system
Zoned
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Roof type
Metal
Listing Agency:
Mountain Valley Auction Group LLC
(540) 476-3309
Listed By:
Linford Berry
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 4 at 2:06AM
MLS# 12053745
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 937-square-foot commercial condominium at 3211 Peoples Drive is zoned B-2 General Business. Built in 2004, the unit measures 25 by 37.5 feet and includes one bathroom. Heating is zoned, and the roof is metal. Public water serves the property.
The space is leased under a triple-net agreement, with the current term ending December 31, 2031. Net income is $14,953 annually and increases by 3% each year through the remaining lease term. The tenant also pays the condominium association fees, real estate taxes, and insurance. Association fees cover exterior maintenance, water and sewer, landscaping, parking-lot lighting, management, trash, individual condominium insurance, accounting, and a long-term maintenance escrow.
The property is in Harrisonburg, less than one mile from I-81 Exit 243. Nearby commercial surroundings include national and local retailers, professional offices, banks, and government agencies.
The space is leased under a triple-net agreement, with the current term ending December 31, 2031. Net income is $14,953 annually and increases by 3% each year through the remaining lease term. The tenant also pays the condominium association fees, real estate taxes, and insurance. Association fees cover exterior maintenance, water and sewer, landscaping, parking-lot lighting, management, trash, individual condominium insurance, accounting, and a long-term maintenance escrow.
The property is in Harrisonburg, less than one mile from I-81 Exit 243. Nearby commercial surroundings include national and local retailers, professional offices, banks, and government agencies.
Key Highlights
- 937‑square‑foot commercial condo zoned B‑2 General Business
- Current tenant lease runs through December 31, 2031
- Triple‑net lease with $14,953 in annual net income and 3% annual increases
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
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Business Placement
Demographics for 22801, VA
40,460
Population
15,820
Households
2.6
Avg Household Size
29
Median Age
43%
College-Educated
89%
High-School Grad
33.9 sq mi
ZIP Area
1,194
Density / Sq Mi
$70,779
Median Household Income
$29,241
Median Earnings
$1,235
Median Rent
$340,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - A tenant-occupied commercial suite carries a triple-net lease through 2031, with scheduled annual rent increases.
Where is this nnn property located?
The property is located at 3211 Peoples Drive Harrisonburg, VA.
What is the asking price?
The asking price for this property is $186,300.
What are key features of this property?
This property features: 937‑square‑foot commercial condo zoned B‑2 General Business; Current tenant lease runs through December 31, 2031; Triple‑net lease with $14,953 in annual net income and 3% annual increases
