Technical
Financial
Distress signals
Property profile

1294 Virginia Ave Harrisonburg, VA 22801

FOR SALE
Land
Property ID
US87-2816138
1.07 ac lot
Saved · see the list in your Dashboard
No photos on file
For Sale
$548,000
1294 Virginia Ave, Harrisonburg, VA 22801
View Listing →

Property summary

AI-generated overview

This exceptional 1.07-acre commercial land parcel presents a remarkable investment opportunity in Harrisonburg, Virginia. Located at 1294 Virginia Avenue (Route 42), this property enjoys unparalleled visibility and convenient access, situated less than three miles from Interstate 81. The lot boasts over 200 feet of road frontage, featuring an existing commercial entrance, ensuring easy ingress and egress. Its strategic location places it within a thriving commercial area, surrounded by established businesses including gas stations, pharmacies, commercial centers, a retirement community, and schools. A significant advantage is the proximity to readily available water and sewer lines adjacent to the property, substantially reducing development costs. The property is zoned B-2 General Business, allowing for a wide range of commercial uses. Further enhancing its appeal, a new Dollar General store is planned for construction directly adjacent to the lot, promising increased foot traffic and synergistic benefits. This prime location, coupled with its size and zoning, makes this parcel an ideal site for a variety of commercial ventures. The APN is 047 O 60. The asking price is $660,000. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing area.

Property profile

Verified
Property type Land
Lot 1.07 ac (46,609 SF)
UPID US87-2816138

Cap rate & NOI

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

Location

1294 Virginia Ave Harrisonburg, VA 22801
Harrisonburg metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message