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    1255 Greendale Rd Harrisonburg, VA 22801

    Sponsored
    For Sale
    $825,000

    9+ Acres, R1 Zoning, City Limits

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional development opportunity awaits in Harrisonburg, VA. This 9.19-acre parcel, zoned R1, presents significant potential for residential construction within city limits. The property boasts ample road frontage on Greendale Road, straddling the city/county line, with potential access via Landon Drive. Public water and sewer are readily available, eliminating infrastructure hurdles. Previous plans envisioned a phased development with up to 35 lots, though alternative development schemes are feasible. The land's location offers a rare opportunity, given the limited availability of buildable land within the city. Detailed site plans indicate the presence of a 12-inch public water main and an 8-inch public sanitary sewer main within the Greendale Road right-of-way. This prime location is further enhanced by the availability of an adjoining 81+ acre parcel (zoned A2) in the county, also for sale separately. This presents a unique chance to acquire a substantial land holding for a large-scale development or a strategic land banking opportunity. The asking price for this exceptional 9.19-acre property is $825,000. Don't miss this chance to secure a piece of Harrisonburg's future. The property is located at 1255 Greendale Rd, Harrisonburg, VA 22801.

    Property Features for 1255 Greendale Rd

    General Information

    Property type
    Land
    Lot Size
    400,316 SF

    HighLights

    • $825,000 asking price.
    • 9.19 acres of residential land.
    • R1 zoning.
    • Located in Harrisonburg, VA, at 1255 Greendale Rd, 22801.
    • Public water and sewer available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Harrisonburg City
    State
    Virginia
    Longitude
    -78.884814535174
    Latitude
    38.404570259488

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    FAQs

    What type of property is this?
    Land - 9+ Acres, R1 Zoning, City Limits
    Where is this land located?
    The property is located at 1255 Greendale Rd Harrisonburg, VA.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: $825,000 asking price.; 9.19 acres of residential land.; R1 zoning.
    (540) 421-8293
    Request Owner's contact information
    1255 Greendale 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
    1255 Greendale Rd Harrisonburg, VA 22801
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