1294 Virginia Ave Harrisonburg, VA 22801
For Sale
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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.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.