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Property profile & analytics
FOR SALE
Retail space

2655 S Main St Harrisonburg, VA 22801

6,080 SF 2.58 ac lot Built 1989
Entity Owned 8-yr Hold Free & Clear
Property ID
US87-2953160
2655 S Main St, Harrisonburg, VA 22801 For Sale
$787,500 6,080 SF
2655 S Main St, Harrisonburg, VA 22801
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Property summary
AI-generated overview

This exceptional 1.75-acre parcel presents a remarkable investment opportunity in Harrisonburg, Virginia. Strategically located off Route 11 on the South Main Street corridor, this property enjoys high visibility and convenient access to Interstate 81, ensuring excellent connectivity for any commercial venture. The site is ideally positioned near a planned new high school, promising future growth and increased traffic in the area. This versatile land is suitable for a wide range of commercial developments, including but not limited to contractor yards, self-storage facilities, or RV storage. The property is being offered for sale at $787,500. Alternatively, a ground lease option is available, offering a substantial annual return of $85,000. This presents a flexible approach for developers seeking to minimize upfront capital investment while securing a prime location for their project. The property's size and location make it an attractive proposition for businesses seeking to establish a strong presence in a thriving community. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Contact us today to discuss the purchase or ground lease options further.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1989
Total area 6,080 SF
Lot 2.58 ac (112,341 SF)
Zoning code MXU
APN 001 F 1
UPID US87-2953160
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Beauty World (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$600k
Owner & transaction history
Ptap Investments LLC · 8 yrs held
Ptap Investments LLC
since 2018
3 recorded transactions
2018
Price N/A
2017
$1.0M
2005
Price N/A
Zoning & alternative use
MXU · Harrisonburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $780,000 +20.3%
Commercial (general) $690,000 +6.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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