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    1001 Port Republic Rd Harrisonburg, VA 22801

    Sponsored
    For Sale
    $1,500,000

    2-Acre lot, high traffic, B2 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.04-acre commercial land parcel presents a remarkable investment opportunity in Harrisonburg, Virginia. Strategically located at 1001 Port Republic Road, this property boasts unparalleled visibility and accessibility, situated less than two miles from Sentara RMH Medical Center and just two-thirds of a mile from James Madison University's main campus. The property benefits from a high volume of daily traffic (24,000 vehicles per day) and is conveniently located near Interstate 81, Exit 245 (within 2500 feet). JMU's Athletic Park sits directly across the road, and numerous student housing complexes are within walking distance, creating a strong potential market for businesses catering to students or the surrounding community. The property is zoned B2, allowing for a variety of commercial uses. The lot is already graded and all utilities are available. A height restriction of 25 feet is in place. With approximately 12,000 student beds within a one-mile radius and nearby amenities including Food Lion, Orange Theory Fitness, Tropical Smoothie, McDonald's, ABC Store, Vito's, Dunkin' Donuts, and a convenience store, this location offers exceptional potential for a thriving business. The asking price for this prime commercial land is $1,500,000.

    Property Features for 1001 Port Republic Rd

    General Information

    Property type
    Land
    Lot Size
    88,862 SF

    HighLights

    • High visibility from major thoroughfare.
    • High traffic count: 24,000 vehicles per day (VPD).
    • Convenient Interstate 81 access.
    • Level, graded site.
    • All utilities available on‑site.
    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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Harrisonburg City
    State
    Virginia
    Longitude
    -78.870875849811
    Latitude
    38.421604611423

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    FAQs

    What type of property is this?
    Land - 2-Acre lot, high traffic, B2 zoning.
    Where is this land located?
    The property is located at 1001 Port Republic Rd Harrisonburg, VA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: High visibility from major thoroughfare.; High traffic count: 24,000 vehicles per day (VPD).; Convenient Interstate 81 access.
    Request Owner's contact information
    1001 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
    1001 Port Republic Rd Harrisonburg, VA 22801
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