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    580 Mason St Harrisonburg, VA 22802

    Sponsored
    For Sale
    $4,995,000

    Downtown Harrisonburg, VA - 100% Leased

    Property size:
    85,779 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional investment opportunity presents the Roses Shopping Center, a thriving retail property located in the heart of Harrisonburg, Virginia. Boasting a remarkable 100% occupancy rate, this single-story, 85,779 square foot shopping center is situated on a substantial 6.91-acre lot, providing ample parking for tenants and customers. The property features five tenants operating within six suites, generating a strong and consistent income stream. The asking price is $4,995,000, translating to a price per square foot of $58.23. The property's zoning is designated B-1, allowing for a variety of commercial uses. Its prime location near the expanding downtown area of Harrisonburg offers significant potential for future growth and appreciation. The large lot size and substantial square footage present numerous possibilities for expansion or redevelopment. This is a rare opportunity to acquire a fully leased, high-performing retail center in a vibrant and growing market. The property's strong tenant mix and excellent location make it an ideal investment for both seasoned and emerging real estate investors seeking a stable and profitable asset. The expansive parking lot ensures convenient access for all businesses and customers. This is a turn-key operation with immediate cash flow potential. Don't miss this chance to own a piece of Harrisonburg's thriving retail landscape. The address is 580 N Mason St, Harrisonburg, VA 22802.

    Property Features for 580 Mason St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    85,779 SF
    Lot Size
    301,000 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $4,995,000 asking price.
    • 85,779 square foot retail shopping center.
    • 100% occupancy with five tenants.
    • Located on a 6.91‑acre lot in Harrisonburg, VA.
    • B‑1 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Harrisonburg City
    State
    Virginia
    Longitude
    -78.8645068
    Latitude
    38.4544015

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    FAQs

    What type of property is this?
    Lifestyle center - Downtown Harrisonburg, VA - 100% Leased
    Where is this lifestyle center located?
    The property is located at 580 Mason St Harrisonburg, VA.
    What is the asking price?
    The asking price for this property is $4,995,000.
    What are key features of this property?
    This property features: $4,995,000 asking price.; 85,779 square foot retail shopping center.; 100% occupancy with five tenants.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    580 Mason St Harrisonburg, VA 22802
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