207 University BlvdHarrisonburg, VA 22801

Property Details for 207 University Blvd

Year built

1988

Lot size

0.97 AC

Property size (Sq ft)

7,480 SF

Zone code

GENERAL BUSINESS

Property type

Office properties

Property subtype

Other data centers and call centers

APN

079 E 4

APU

079E4

Description

This exceptional commercial property, situated at 207 University Blvd in Harrisonburg, Virginia, presents a unique investment opportunity. Currently listed at $1,425,000, this 0.97-acre property offers a versatile space ideal for multiple tenants or a single large occupant. The building features an innovative design, currently housing WKCY Radio on the top floor under a lease agreement. The first floor is divisible into two separate leasable areas, each offering flexibility for various business needs. Alternatively, the entire first floor can easily accommodate a single, larger tenant. Enjoy breathtaking western views from all-glass conference rooms and offices, complemented by two convenient kitchenette breakrooms. Ample parking is provided with over 40 spaces. The property's 0.97-acre lot also presents the potential for future expansion. This prime Harrisonburg location, combined with the building's adaptable layout and attractive features, makes it an exceptional investment prospect. The property is zoned for commercial use and is ready for immediate occupancy or lease. The address is 207 University Blvd, Harrisonburg, VA 22801, zip code 22801.

• CAP approach

  CAP return

  Valuation

  6%

  $1,780,317

  6.5%

  $1,643,369

  7%

  $1,525,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,495,551

  Geo Method

  $1,495,551

• Alternative Use

  Use

  Valuation

  Residential

  $2,037,778

  Hospitality

  $1,866,594

  Educational

  $1,552,984

  Medical

  $1,606,393

  Retail

  $2,415,753

Location Insight

City

Harrisonburg

County

Harrisonburg City

State

Virginia

Latitude

38.4303

Longitude

-78.8489

CBSA code

25500

CBSA name

HARRISONBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.