29 Titus Dr Penn Laird, VA 22846-2027
This exceptional 8,512 square foot commercial property, situated on a one-acre lot in Penn Laird, Virginia (APN: 126 11 L1), presents a unique investment opportunity. The two-story building, zoned B2, boasts a highly visible location on the desirable Route 33 corridor, experiencing an impressive Average Annual Daily Traffic (AADT) of over 24,000 vehicles. The property offers ample parking with handicap accessibility, ensuring convenient access for customers and employees. Its strategic location, just east of Harrisonburg and near popular destinations like Massanutten Resort, Shenandoah National Park, and Charlottesville, provides excellent exposure to a large customer base. The building features over 8,500 square feet of usable space, ideal for retail or showroom purposes, complemented by dedicated private office space. A striking open atrium connects the ground floor to the second floor, serving as a central focal point. Currently utilized for retail, the property's versatile design easily adapts to office use. This prime location offers significant potential for growth and profitability. The asking price is $1,425,000.
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Country Treasures (Bike/Boat/Book/etc) Store
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
Property description
Physical attributes from public recordsZoning & alternative use
RURAL BUSINESS SERV DIST · Penn Laird, VAPenn Laird. Always verify with local authorities before improvements.
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.