12
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$3,200,000
Est. payment /mo
16,166 SqFt
Active
90 NORTH MAIN ST Harrisonburg, VA 22802
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Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 16,166 sqft
Price per Sqft $197
MLS Listing ID 667527
Construction Status Resale
HOA Y/N No
Year Built 1975
Annual Tax Amount $25,719
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Building
Property Description
Fully leased, mixed use investment property in Downtown Harrisonburg with additional development potential at a 6.3% CAP rate based on current NOI. Professional office, Boutique retail and Health/Wellness currently serve as a great tenant mix. The addition of a high quality common area lobby helps provide a 1st class feel. The new, long term, NNN leases, provide investment security. In addition take advantage of the Federal Qualified Opportunity Zone and Harrisonburg's Economic Revitalization Tax Credit by developing the vacant, attached lot. Vacant Lot: 0.08 acre, B1 zoning: No minimum setbacks, parking requirements or lot size requirements. Up to 75 feet in height (taller via a special use permit). Potential for a by right development of a 7 story, 28 unit apartment building subject to site plan approval. Water meter in place, just needs a size upgrade. Electric, Gas and Sewer on the premises.
Location
State VA
County Harrisonburg
Zoning B-1 Central Business
Direction Use GPS
Interior
Heating Gas
Cooling Central Air
Fireplace No
Exterior
Fence None
Utilities Available Natural Gas Available
Water Access Desc Connected,Public
Roof Type Metal,Other
Building
Sewer Connected
Water Connected, Public
Level or Stories Two
Construction Status Resale
Others
Tax ID 034 T 12, 13, 13A
Listed by Cottonwood Commercial LLC
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