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    1942 Port Republic Rd Harrisonburg, VA 22801

    Sponsored
    For Sale
    $1,900,000

    Pad-ready site, plan approved, high visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2.55-acre development site in Harrisonburg, Virginia, presents a remarkable opportunity. Located at 1942 Port Republic Road, zip code 22801, this pad-ready parcel is ideally situated for a 15,500 square foot small shop center. The majority of site work is complete, including extensive parking and infrastructure, requiring only minimal paving. Stormwater management is addressed through a regional pond, with offsets available for quality measures. The site boasts significant visibility from Port Republic Road and the Southeast Connector, providing easy access to all of Harrisonburg's commercial areas. Its strategic location offers unparalleled access to James Madison University's main campus (12,000 student beds within close proximity) and Interstate 81 (within 2 miles). Furthermore, the property neighbors Harrisonburg's primary residential development area of the past 15 years, characterized by high household incomes. With site plan approval already granted and architectural drawings available, this property is ready for immediate vertical construction. An additional 3,200 beds are under construction or proposed within 1.5 miles, further enhancing the site's long-term potential. The asking price is $1,900,000.

    Property Features for 1942 Port Republic Rd

    General Information

    Property type
    Land
    Lot Size
    111,078 SF

    HighLights

    • 2.55‑acre pad‑ready site in Harrisonburg, VA, ready for immediate construction of a 15,500 SF small shop center.
    • High visibility from Port Republic Road and the Southeast Connector, providing access to all Harrisonburg commercial areas.
    • Excellent location near James Madison University (12,000 student beds) and I‑81 (within 2 miles).
    • Adjacent to a high‑income residential area with an additional 3,200 beds under construction or planned within 1.5 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walmart Pet Services Pet Sitter Walmart Baby & Nursery ... Family Service Center Walmart Home Services Home Help Service Agency Walmart Home Theater ... Home Cinema Installation Walmart Patio & Garden ... Landscaper

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Harrisonburg
    State
    Virginia
    Longitude
    -78.864295
    Latitude
    38.4052563

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    FAQs

    What type of property is this?
    Land - Pad-ready site, plan approved, high visibility
    Where is this land located?
    The property is located at 1942 Port Republic Rd Harrisonburg, VA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 2.55-acre pad-ready site in Harrisonburg, VA, ready for immediate construction of a 15,500 SF small shop center.; High visibility from Port Republic Road and the Southeast Connector, providing access to all Harrisonburg commercial areas.; Excellent location near James Madison University (12,000 student beds) and I-81 (within 2 miles).
    (540) 271-7525
    Request Owner's contact information
    1942 Port Republic Rd Harrisonburg, VA 22801
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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
    1942 Port Republic Rd Harrisonburg, VA 22801
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