4101 Shen Lake Dr Harrisonburg, VA 22801
For Sale
This exceptional 252-acre property in Harrisonburg, Virginia, presents a unique investment opportunity. Currently operating as a profitable 27+-hole golf course with a driving range and putting green, it boasts a rich history dating back to 1967, with course designs by renowned architects Raymond Loving, Fred Findlay, Lester George, and Ault Clark & Associates. The property includes a main clubhouse and is zoned R-2 and B1, allowing for high-density mixed-use development. Approximately 10-15 acres are ideally suited for a mixed-use village or urban development. Its strategic location within Rockingham County places it near established residential communities such as Lakewood, Preston Lakes, and Sentara Health Community, ensuring strong potential for future growth. The property's proximity to major cities—approximately 100 miles southwest of Washington, D.C., 35 miles northwest of Charlottesville, and within easy reach of Richmond and Roanoke—further enhances its appeal. Nestled in the Shenandoah Valley, this property offers stunning views of the Massanutten, Blue Ridge, and Alleghany mountain ranges, combining natural beauty with significant development potential. The asking price is $12,000,000. This is a rare chance to acquire a well-established golf course with substantial upside in a thriving area. The existing infrastructure, including the clubhouse and course, provides a solid foundation for future development. The property's size and zoning offer flexibility for a variety of development scenarios, making it an attractive investment for both experienced developers and those seeking a unique opportunity in a desirable location.
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Lakeview Golf Club Golf Course
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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