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
Commercial real estate

973 Reservoir St Harrisonburg, VA 22801

3.66 ac lot
Property ID
US87-2762394
Property summary
AI-generated overview

This exceptional 3.66-acre parcel in Harrisonburg, Virginia, presents a compelling redevelopment opportunity. Located at 973 Reservoir Street, zip code 22801, this property boasts R3C zoning, allowing for a variety of uses, including multifamily residential and commercial development. Its strategic location offers easy access to essential utilities, including water and sewer. The land is ideally situated amidst a blend of residential and commercial establishments, benefiting from existing infrastructure and a thriving community. The City of Harrisonburg's comprehensive plan designates this area for "Light Commercial" development, further enhancing its potential. Convenient access to both Reservoir Street and Martin Luther King Jr. Way provides excellent connectivity. The property's proximity to James Madison University, Downtown Harrisonburg, and I-81 Exit 247 ensures high visibility and accessibility, making it an attractive investment for developers seeking a prime location with significant growth potential. The asking price is $795,000. This is a rare chance to acquire a substantial land holding in a rapidly developing area.

Property profile
Verified
Property type Commercial real estate
Lot 3.66 ac (159,430 SF)
UPID US87-2762394
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
Owner on record
Zoning & alternative use
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 973 Reservoir 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