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Property profile & analytics
OFF-MARKET
Land

1719 High St Harrisonburg, VA 22801

5.92 ac lot
Property ID
Property summary
AI-generated overview

Rockingham Square, a thriving 55,848-square-foot shopping center in Harrisonburg, Virginia, presents a compelling investment opportunity. This established center, located at 1719-1755 South High St, 22801, boasts a strong anchor tenant: Food Lion, a fixture for over four decades with consistently growing sales. Built in 1984 and renovated in 2007, the property sits on a 5.919-acre lot and is currently 100% leased to six tenants, ensuring immediate cash flow. The ample parking provides 297 spaces, including 9 designated handicap spots. Utilities are serviced by public electric, natural gas, water, and sewer. The property offers a pro-forma cap rate of 7.00% and is listed at $6,500,000. This well-maintained center benefits from its established tenant base, prime location, and significant upside potential, making it an ideal addition to any commercial real estate portfolio. The property's strong performance history and attractive features make it a rare opportunity in the Harrisonburg market. This is a chance to acquire a stable, income-producing asset with a proven track record of success.

Property profile
Verified
Property type Land
Lot 5.92 ac (257,832 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • OneMain Financial Loan Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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