412 Main St Harrisonburg, VA 22801-3611
- Bed & breakfasts
- 8,953 SF
- 0.43 lot acres
Current Use by Public Records
- Joshua Wilton House / Restaurant / Bed & Breakfast
Property Details for 412 Main St
- Lot size
- 0.43 lot acres
- Property size
- 8,953 SF
- Zone code
- GENERAL BUSINESS
- Property type
- Bed & breakfasts
- APN
- 026 O 3
- APU
- 026O3
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,215,000
- 6.5%
- $1,285,000
- 7%
- $1,165,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,190,000
- Geo Method
- $1,290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,405,000
- Retail
- $1,185,000
- Mixed-Use
- $1,265,000
- Hospitality
- $1,230,000
- Educational
- $1,115,000
- Residential Income
- $1,300,000
- Energy
- $1,170,000
- Income-Based Land
- $1,020,000
- Food Service
- $1,410,000
Location Insight
- Map
- Local Demand
- City
- Harrisonburg
- County
- Harrisonburg City
- State
- Virginia
- Longitude
- -78.8694
- Latitude
- 38.4452
- CBSA code
- 25500
- CBSA name
- HARRISONBURG, VA METROPOLITAN STATISTICAL AREA
