1942 Port Republic Rd Harrisonburg, VA 22801
For Sale
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This exceptional 2.55-acre development site in Harrisonburg, Virginia, presents a remarkable opportunity. Located at 1942 Port Republic Road, zip code 22801, this pad-ready parcel is ideally situated for a 15,500 square foot small shop center. The majority of site work is complete, including extensive parking and infrastructure, requiring only minimal paving. Stormwater management is addressed through a regional pond, with offsets available for quality measures. The site boasts significant visibility from Port Republic Road and the Southeast Connector, providing easy access to all of Harrisonburg's commercial areas. Its strategic location offers unparalleled access to James Madison University's main campus (12,000 student beds within close proximity) and Interstate 81 (within 2 miles). Furthermore, the property neighbors Harrisonburg's primary residential development area of the past 15 years, characterized by high household incomes. With site plan approval already granted and architectural drawings available, this property is ready for immediate vertical construction. An additional 3,200 beds are under construction or proposed within 1.5 miles, further enhancing the site's long-term potential. The asking price is $1,900,000.
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Walmart Pet Services Kennel & Boarding Facility
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Walmart Baby & Nursery Services Social Service Agency Community Center
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Walmart Home Services Social Service Agency
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Walmart Home Theater Installation Electrical Service General Contractor
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Walmart Patio & Garden Services Landscaping General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GENERAL BUSINESS DIST · Rockingham, VARockingham. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.