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    3050 Main St Harrisonburg, VA 22801

    Sponsored
    For Sale
    $4,795,000

    Prime 9.37-acre retail site, high traffic

    Property size:
    1,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.37-acre commercial property in Harrisonburg, VA, presents a remarkable retail investment opportunity. Located on South Main Street, this site boasts high visibility and accessibility, with over 22,700 vehicles passing daily. The property comprises three parcels, two currently occupied by a car dealership (3030 S Main St., a 3,072 sq ft building constructed in 1940 on 0.88 acres and 3040 S Main St., a 1,440 sq ft building constructed in 1935 on 0.52 acres), and a vacant 7.97-acre parcel (3050 S Main St.). All parcels are zoned B2 within the City of Harrisonburg. The strategic location, just 0.7 miles from I-81 Exit 243 (57,000+ daily traffic), ensures maximum exposure. The proximity to a new high school (opening August 2024) promises increased foot traffic and potential customer growth. This property offers the unique opportunity to redevelop existing structures or build new retail space on the expansive vacant land, catering to a wide range of retail ventures. The asking price is $4,795,000. This is an unparalleled chance to establish a thriving business in a vibrant and rapidly growing area. Don't miss this chance to capitalize on the potential of this prime retail location.

    Property Features for 3050 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    1,440 SF
    Lot Size
    408,157 SF

    Building Details

    Buildings
    2

    HighLights

    • $4,795,000 asking price for 9.37 acres of land zoned B2 in Harrisonburg, VA.
    • Two existing buildings totaling 4,512 square feet (one 3,072 sq ft, built 1940; one 1,440 sq ft, built 1935).
    • High‑traffic location on Route 11 (Motor Mile), with over 22,700 daily vehicles passing by.
    • Proximity to I‑81 Exit 243 (57,000 daily vehicles) and a new high school opening August 2024.
    • Ideal for retail development, with potential for redevelopment of existing structures or new construction on the 7.97‑acre vacant parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ground Illusions Landscaping Landscaper

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Harrisonburg City
    State
    Virginia
    Longitude
    -78.900129
    Latitude
    38.411672

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    FAQs

    What type of property is this?
    Retail property - Prime 9.37-acre retail site, high traffic
    Where is this retail property located?
    The property is located at 3050 Main St Harrisonburg, VA.
    What is the asking price?
    The asking price for this property is $4,795,000.
    What are key features of this property?
    This property features: $4,795,000 asking price for 9.37 acres of land zoned B2 in Harrisonburg, VA.; Two existing buildings totaling 4,512 square feet (one 3,072 sq ft, built 1940; one 1,440 sq ft, built 1935).; High-traffic location on Route 11 (Motor Mile), with over 22,700 daily vehicles passing by.
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    Harrisonburg, VA 22801
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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
    3050 Main St Harrisonburg, VA 22801
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