Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Drive through restaurants

    702 Market St, Harrisonburg, VA 22801-4235

    1,134 SF 0.36 ac lot
    Individually Owned 6-yr Hold Free & Clear
    Property ID
    US87-2890417
    Property summary
    AI-generated overview

    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
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Total area 1,134 SF
    Lot 0.36 ac (15,682 SF)
    Zoning code GENERAL BUSINESS
    APN 032 G 1-B
    UPID US87-2890417
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Stephen T Heitz · 6 yrs held
    Stephen T Heitz
    since 2020
    1 recorded transaction
    2020
    Zoning & alternative use
    GENERAL BUSINESS · Harrisonburg, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 702 Market St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message