702 Market St Harrisonburg, VA 22801-4235
Property summary
This exceptional 5.44-acre commercial land parcel in Harrisonburg, Virginia, presents a unique investment opportunity. Located at 702 E Market Street, this property boasts significant frontage on a major thoroughfare with a daily traffic count exceeding 16,000 vehicles. The B2 zoning allows for a wide range of commercial uses, making it ideal for various business ventures. The site includes a former restaurant building situated on a hill at the corner of the property, offering potential for redevelopment or repurposing. The remaining acreage provides ample space for new construction, with public utilities readily accessible along East Market Street. The property's proximity to downtown Harrisonburg and Interstate 81 ensures excellent visibility and accessibility for both local and interstate traffic. Surrounded by residential areas and other businesses, this location offers a strong potential customer base. While the current zoning is B2, there is potential for rezoning through the City of Harrisonburg, further enhancing development possibilities. This property is situated in the 22801 zip code. This is a rare opportunity to acquire a substantial commercial lot in a thriving Virginia city.
Property profile
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Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
GENERAL BUSINESS · Harrisonburg, VAZoning
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Zoning designation
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