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    Property profile & analytics
    OFF-MARKET Estimated value $1,265,000
    Bed & breakfasts

    412 Main St, Harrisonburg, VA 22801-3611

    8,953 SF 0.43 ac lot
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US87-2407537
    Property summary
    AI-generated overview

    This exceptional 8,953 square foot mixed-use property, situated on a 0.43-acre lot at 412 S Main Street in Harrisonburg, Virginia, presents a rare investment opportunity. Listed on the National Register of Historic Places, this meticulously restored Queen Anne Victorian home, built in 1888, seamlessly blends historic charm with modern amenities. Its prime downtown location offers unparalleled convenience, within walking distance of James Madison University, numerous shops, restaurants, and cultural attractions. Currently operating as a successful fine-dining restaurant, bed and breakfast, and wedding venue, the property boasts diverse revenue streams and a loyal clientele, ensuring a steady income. The five historically significant bedrooms, updated with modern comforts, provide luxurious accommodations for guests. Elegant event spaces, including a charming dining room, spacious outdoor patio, and chef's garden, cater to weddings and other special occasions. This community landmark offers a unique blend of historical significance, established profitability, and exceptional location, making it an ideal investment for discerning buyers seeking a high-return property with significant potential for future growth. The asking price is $2,350,000.

    Property profile
    Verified
    Property type Bed & breakfasts
    Use group BED & BREAKFAST
    Total area 8,953 SF
    Lot 0.43 ac (18,901 SF)
    Zoning code GENERAL BUSINESS
    APN 026 O 3
    UPID US87-2407537
    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
    • Joshua Wilton House Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.34M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.27M
    Owner & transaction history
    Ricochet LLC · 4 yrs held
    Ricochet LLC
    since 2021
    Last sale
    $1.2M
    2 recorded transactions
    2021
    $1.2M
    2016
    Zoning & alternative use
    GENERAL BUSINESS · Harrisonburg, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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