2775 Ridgedale Rd Harrisonburg, VA 22801

Property Details for 2775 Ridgedale Rd

Lot size

1.40 lot acres

Property type

Commercial real estate

Description

This exceptional 1.4-acre commercial lot is situated on a hard corner at the intersection of Ridgedale Road and the Southeast Connector (Stone Spring Road) in Harrisonburg, Virginia, zip code 22801. Zoned A2, this property presents a unique opportunity within one of Harrisonburg's fastest-growing retail areas. Its strategic location offers unparalleled visibility and accessibility, boasting high traffic counts due to its proximity to major roadways, including the Southeast Connector (projected 31,100 vehicles per day upon buildout), Port Republic Road (18,000 VPD), and Interstate 81 Exit 245 (1.6 miles away). The site benefits from its adjacency to significant traffic generators such as Walmart Neighborhood Market, Sentara Rockingham Memorial Hospital, Bojangles, Wendy's, Moe's Southwest Grill, and the Reserve at Stone Port (a 396-unit market-rate apartment complex). Furthermore, the property is surrounded by a densely populated residential area, including single-family homes, market-rate apartments, and student housing complexes, with over 3,200 new residential units approved or completed within a 1.5-mile radius and an additional 12,000 student beds within the same proximity. This presents a compelling investment opportunity for developers seeking to capitalize on the area's robust growth and high demand. The asking price for this remarkable property is $999,500.