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1001 Port Republic Rd - 2 AC | B-2 Commercial Lot | Near JMU 2.04 Acres of Commercial Land Offered at $2,073,750 CAD in Harrisonburg, VA 22801
INVESTMENT HIGHLIGHTS
- High Traffic.
- Next to James Madison University
- Near I-81
- In the middle of James Madison University Student Housing
EXECUTIVE SUMMARY
Flexible Use: Ideal for a split-level retail and/or office complex to serve the surrounding student and residential population.
Prime Location:
- Less than 2 miles from Sentara RMH Medical Center.
- Two-thirds of a mile from James Madison University’s main campus, with JMU’s Athletic Park directly across the road.
- Over 12,000 student housing beds within a 1-mile radius.
- Easy access, only 2,500 feet from I-81 Exit 245.
High Visibility: Positioned on Port Republic Road, with 24,000 vehicles per day providing excellent exposure.
Nearby Amenities: Located near Food Lion, Orange Theory, Tropical Smoothie, McDonald's, ABC Store, Vito's Pizza, Dunkin' Donuts, and other local businesses.
Zoning and Pricing: Zoned B2 with a height restriction of 25 feet. Priced at $1,500,000 with a 2% broker's commission.
This property offers exceptional potential for developers and investors looking to capitalize on its strategic location and ready-to-build condition. Contact us at 540-432-9477 or leasing@forbesdevelopmentllc.com for more information or to schedule a viewing.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
1 LOT AVAILABLE
Lot A
| Price | $2,073,750 CAD | Lot Size | 2.04 AC |
| Price Per AC | $1,016,544.16 CAD |
| Price | $2,073,750 CAD |
| Price Per AC | $1,016,544.16 CAD |
| Lot Size | 2.04 AC |
Graded lot with all utilities available. Perfect for development of a split-level retail and/or office complex. Prime location ensures excellent visibility, accessibility, and potential for thriving commercial use. Ready to build and maximize value.
DESCRIPTION
This 2-acre lot offers an exceptional location along Port Republic Road, ideal for businesses catering to students or community services. Situated less than 2 miles from Sentara RMH Medical Center and just 2/3 of a mile from James Madison University's (JMU) main campus, the property is perfectly positioned for high visibility and accessibility. Highlights: - Proximity: JMU Athletic Park is directly across the road, with numerous student housing complexes within walking distance, providing a built-in customer base of over 12,000 student beds within a 1-mile radius. - Traffic: Port Republic Road sees an impressive 24,000 vehicles per day, ensuring excellent exposure. - Convenient Access: Located only 2,500 feet from I-81 Exit 245. - Nearby Amenities: Close to popular establishments like Food Lion, Orange Theory, Tropical Smoothie, McDonald's, ABC Store, Vito's Pizza, Dunkin' Donuts, a convenience store, and more. Zoning and Property Details: - Zoning: B2 (Commercial) - Land Use: Commercial - Covenants: Height restriction of 25 feet - Brokers Commission: 2% Price: $1,500,000 This is a prime opportunity to develop a business in a high-demand, rapidly growing area. Whether for retail, services, or another student-focused enterprise, this lot's strategic location and surrounding amenities make it a standout investment. Contact us today at 540-432-9477 or leasing@forbesdevelopmentllc.com for more details or to schedule a viewing!
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1001 Port Republic Rd - 2 AC | B-2 Commercial Lot | Near JMU
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