181 Liberty StHarrisonburg, VA 22801

This exceptional investment opportunity presents a 15,896 square foot, two-story traditional office building located at 181 S Liberty St, Harrisonburg, VA 22801. Currently 100% occupied by a leading AI company in the education software industry under a net lease agreement extending until February 2027, with a built-in 1-5 year renewal option and 2.25% annual rent increases. The property boasts a strong 5.38% cap rate and benefits from a tenant responsible for taxes, insurance, and exterior maintenance through CAM charges. The landlord's responsibilities are limited to roof, structure, asphalt, and exterior walls. The building, originally a police station, underwent renovations in 2016 to accommodate the current tenant. Situated on a 1.81-acre lot zoned B1, this property offers significant development potential. The existing parking area presents an opportunity to construct a multi-story, zero lot line building, leveraging the permitted commercial or mixed-use zoning. The property's convenient location provides easy access to a two-story public parking garage across Liberty Street, benefiting tenants, employees, and customers alike. Asking price is $4,200,000.