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Two-Unit Office Building
For Sale
$200,000

516 FIRST ST, Shenandoah, VA 22849

Building, SHENANDOAH, VA

Property Size2,142 SF
Lot Size0.10 Acres
Price / SF$93.37
Days on Market231

Property Features for 516 FIRST ST

General Information

Property type Commercial Sale
Property subtype Other
Zoning C-1 Commercial
Directions 33 East to 602. After tunnel, left on First St. Property on the right.
Subdivision Page
Standard status Active
APN 102A3-1-C-5B
Size 2,142 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Listing Agency: Massanutten Realty
Listed By: Ethan Smith
Added: Feb 17 Changed: Sep 2 Last Checked: Oct 6 at 11:06PM
MLS# 673274

Copyright © 2026 Harrisonburg-Rockingham Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,142-square-foot office building is configured as two separate units, with an individual electric meter serving each space. The layout previously accommodated a doctor's office and includes water and sink hookups in multiple rooms, supporting continued medical, dental, or wellness use. Private parking is available for clients and staff, and the property is zoned C-1 Commercial.

The building is located at 516 First St in Shenandoah, Virginia, directly across from the depot within the town's historic district. Its two-unit arrangement allows the spaces to function independently or as a combined office property. A leasing option is also available.

Key Highlights

  • 2,142 square feet of office space
  • Two separately metered units
  • Water and sink hookups in multiple rooms

Property Analytics

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Current Use

Page Shenandoah Health ... Pediatrician Dr. Jack L. ... Pediatrician World Insurance Associates ... Insurance Agency

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Auto Parts Store Nail Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Office units

Location Intelligence

Trade Area within ½ mile

148
Businesses Nearby

Demographics for 22849, VA

4,891
Population
2,403
Households
2
Avg Household Size
43
Median Age
7%
College-Educated
83%
High-School Grad
46.1 sq mi
ZIP Area
106
Density / Sq Mi
$66,748
Median Household Income
$37,824
Median Earnings
$1,023
Median Rent
$178,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - C-1 Commercial property with separately metered suites and plumbing infrastructure suited to office or medical operations.
Where is this office building located?
The property is located at 516 FIRST ST Shenandoah, VA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 2,142 square feet of office space; Two separately metered units; Water and sink hookups in multiple rooms
More about this property
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