Property profile

0 Naomis Way Harrisonburg, VA 22801

OFF-MARKET
Land
1.2 ac lot
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Property summary

AI-generated overview

This exceptional 1.2-acre commercial lot, identified as Lot 7 in Coffman's Corner, presents a unique investment opportunity in Harrisonburg, Virginia. Located at the highly visible corner of Stone Spring Road and Port Republic Road, this flat, pad-ready site is zoned B1C, offering considerable flexibility for a variety of commercial uses. Its strategic location directly across from Rockingham Memorial Hospital makes it particularly well-suited for medical-related businesses, but its versatility extends to financial institutions, professional offices, and other commercial ventures. The property boasts a significant advantage: it's situated in Rockingham County, eliminating BPOL taxes, thereby enhancing its overall financial attractiveness. The asking price for this exceptional parcel is $599,900. Given its prime location amidst burgeoning development in the area, and its ready-to-build status, this lot is expected to generate significant interest and is poised for rapid sale. The address is Naomis Way, Harrisonburg, VA 22801. This is a rare opportunity to acquire a highly desirable commercial property in a thriving market. The lot's flat terrain simplifies construction, minimizing potential development challenges and accelerating the timeline for project completion. Don't miss this chance to secure a prime location in a rapidly growing area.

Property profile

Verified
Property type Land
Lot 1.2 ac (52,272 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Naomis Way Harrisonburg, VA 22801
Harrisonburg metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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