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    00 Reservoir St Harrisonburg, VA 22801

    Sponsored
    For Sale
    $350,000

    0.61-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 0.61-acre commercial land parcel presents a unique investment opportunity in the vibrant city of Harrisonburg, Virginia. Located at 00 Reservoir Street, zip code 22801, this property offers significant potential for a variety of commercial ventures. The land is conveniently situated within Harrisonburg County, providing easy access to key transportation routes and a thriving local economy. With its generous 0.61-acre size, the site offers ample space for development, allowing for flexibility in design and construction plans. The asking price for this prime commercial land is $350,000. This represents a compelling investment opportunity in a rapidly growing area of Virginia. Prospective buyers are encouraged to conduct their own due diligence to assess the suitability of the land for their specific commercial project. The property's address is clearly identified as 00 Reservoir St, Harrisonburg, VA 22801, facilitating straightforward location verification and site visits. This is a rare chance to acquire a sizable commercial lot in a desirable location, making it an attractive proposition for developers and investors alike. The property's size and location combine to create a strong foundation for future commercial success. Serious inquiries are welcome.

    Property Features for 00 Reservoir St

    General Information

    Property type
    Land
    Lot Size
    26,572 SF

    HighLights

    • $350,000 asking price.
    • 0.61‑acre commercial land parcel.
    • Located at 00 Reservoir St, Harrisonburg, VA 22801.
    • Listed by Old Dominion Realty Inc.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    State
    Virginia
    Longitude
    -78.861149
    Latitude
    38.4484056

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    FAQs

    What type of property is this?
    Land - 0.61-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 00 Reservoir St Harrisonburg, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price.; 0.61-acre commercial land parcel.; Located at 00 Reservoir St, Harrisonburg, VA 22801.
    (540) 433-2454
    Request Owner's contact information
    00 Reservoir St 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
    00 Reservoir St Harrisonburg, VA 22801
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