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    2794 Valley Pike Harrisonburg, VA 22802

    Sponsored
    For Sale
    $1,795,000

    Prime 7,000 SF Auto Shop & Land

    Property size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.79-acre property in Harrisonburg, VA (2794 N Valley Pike, 22802) presents a unique redevelopment opportunity. The site includes a 7,000 square foot building currently operating as an auto shop, offering significant potential for various commercial uses. The property boasts a desirable location with excellent frontage on North Valley Pike, just one mile south of I-81 exit 251, providing easy access to major transportation routes. The land is comprised of six parcels, with 5.02 acres zoned B1 and 0.775 acres zoned R2, allowing for diverse development options. Built in 1992, the existing structure offers immediate income potential or a solid foundation for renovation. The asking price is $1,795,000, translating to $256.43 per square foot. This owner-user investment presents a compelling chance to capitalize on a prime location and versatile zoning in a thriving market. The property's size and zoning flexibility make it ideal for a variety of commercial ventures, including but not limited to retail, industrial, or mixed-use developments. Serious inquiries are encouraged.

    Property Features for 2794 Valley Pike

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,000 SF
    Lot Size
    252,212 SF

    Building Details

    Year Built
    1992
    Units
    1

    HighLights

    • 5.79‑acre redevelopment opportunity in Harrisonburg, VA.
    • Includes a 7,000 SF auto shop building with immediate income potential.
    • Excellent location on North Valley Pike, one mile south of I‑81 exit 251.
    • Six parcels: 5.02 acres B1 zoned, 0.775 acres R2 zoned.
    • $1,795,000 asking price ($256.43/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Donovan's Used Cars Used Car Dealer

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Auto Parts Store Hotel & Motel Gym & Fitness Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.829245670255
    Latitude
    38.470906968498

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    FAQs

    What type of property is this?
    Individual retail property - Prime 7,000 SF Auto Shop & Land
    Where is this individual retail property located?
    The property is located at 2794 Valley Pike Harrisonburg, VA.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: 5.79-acre redevelopment opportunity in Harrisonburg, VA.; Includes a 7,000 SF auto shop building with immediate income potential.; Excellent location on North Valley Pike, one mile south of I-81 exit 251.
    Request Owner's contact information
    2794 Valley Pike Harrisonburg, VA 22802
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    Harrisonburg, VA 22802
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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
    2794 Valley Pike Harrisonburg, VA 22802
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