1614 Valley St Harrisonburg, VA 22802

Property Details for 1614 Valley St

Lot size

2.35 lot acres

Property size

21,530 SF

Property type

Commercial real estate

Description

This exceptional 21,530+ square foot mini storage facility presents a compelling investment opportunity in Harrisonburg, VA. Boasting 241 units—a mix of ambient and climate-controlled options—this property has enjoyed consistently high occupancy rates for over 19 years. Strategically located on North Valley Pike (Route 11), it benefits from excellent visibility and accessibility, placing it near James Madison University (JMU), Eastern Mennonite University (EMU), the Virginia Mennonite Retirement Community (VMRC), downtown Harrisonburg, and the Technology Park, with convenient access to I-81. The facility includes an on-site office equipped with a modern security camera system and sophisticated rental management and accounting software, minimizing operational overhead. The property's current configuration offers immediate income generation, while approved Rockingham County site plans allow for expansion of up to 100 additional units, adding approximately 6,450 square feet of potential rental space. This 2.35-acre property is an ideal investment for those seeking a turnkey operation with significant growth potential. Its strong performance history and prime location make it a particularly attractive asset, especially for 1031 exchange considerations. The property's current high occupancy rates and established operational efficiency contribute to a strong return on investment. This is a rare opportunity to acquire a well-established and profitable mini storage facility with significant upside potential.

Location Insight

City

Harrisonburg

County

Rockingham

State

Virginia

Longitude

-78.8479

Latitude

38.4636