1140 Hamlet Dr Harrisonburg, VA 22802
This exceptional 60.65-acre property in Rockingham County, Virginia, presents a compelling investment opportunity. Located near Harrisonburg, with convenient access from both Hamlet Drive and Harpine Highway, this land offers significant potential for future development. Currently zoned A2, the Rockingham County comprehensive plan designates this area for future industrial and mixed-use zoning. The property boasts approximately 1,600 feet of frontage along a Chesapeake Western Railway line, providing excellent logistical advantages for industrial uses. The elevated terrain offers stunning views. Existing improvements include multiple buildings suitable for covered and enclosed storage, and two homes, each with a private well and sewer system, offering potential rental income. This versatile property combines immediate utility with substantial long-term growth potential, making it an ideal acquisition for investors seeking a strategic land position in a rapidly developing area. The address is 1140 Hamlet Dr, Harrisonburg, VA 22802. The asking price is $4,550,000. This is a rare opportunity to acquire a large parcel of land with significant development potential in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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