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    Main St Harrisonburg, VA 22801

    For Sale
    $787,000

    Prime 1.75-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.75-acre commercial land parcel presents a remarkable investment opportunity in Harrisonburg, Virginia. Located at 0 S. Main St, 22801, this property boasts a highly desirable location off Route 11, within the S. Main St corridor. Its strategic positioning offers convenient access to Interstate 81, ensuring seamless connectivity for businesses and their clientele. The lot's proximity to a future high school further enhances its appeal, promising a growing population base and increased demand. This versatile land is perfect for a variety of commercial ventures. Consideration will be given to contractors seeking a build-to-suit option, or businesses in need of ample space, such as self-storage facilities or RV storage. The asking price for outright purchase is $787,000. Alternatively, a ground lease option is available at an annual rate of $85,000. This presents a flexible approach for investors seeking different investment strategies. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Virginia location. Act quickly, as opportunities like this are rare.

    Property Features for 0 Main St

    General Information

    Property type
    Land
    Lot Size
    76,230 SF

    HighLights

    • 1.75‑acre commercial land parcel in Harrisonburg, VA, located at 0 S. Main St, 22801.
    • Highly desirable location off Route 11, with convenient access to I‑81.
    • Proximity to a future high school.
    • Suitable for various commercial uses, including build‑to‑suit options, self‑storage, or RV storage.
    • Asking price: $787,000; ground lease option available at $85,000 annually.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Harrisonburg
    County
    VA
    State
    Virginia
    Longitude
    -78.896740435298
    Latitude
    38.417273805386

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    FAQs

    What type of property is this?
    Land - Prime 1.75-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at Main St Harrisonburg, VA.
    What is the asking price?
    The asking price for this property is $787,000.
    What are key features of this property?
    This property features: 1.75-acre commercial land parcel in Harrisonburg, VA, located at 0 S. Main St, 22801.; Highly desirable location off Route 11, with convenient access to I-81.; Proximity to a future high school.
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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
    Main St Harrisonburg, VA 22801
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