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1071 Port Republic Rd
Harrisonburg, VA 22801
Port Republic Business Park · Land For Sale
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9.91 AC
INVESTMENT HIGHLIGHTS
- Easy access to Interstate 81 and major thoroughfares
- Few new student or multifamily developments have created demand build up
- Prominent location at Port Republic and Peach Grove Ave.
- Current vacancy rates 2.7% for the residential market
EXECUTIVE SUMMARY
This 9.91-acre development opportunity is located near James Madison University, with an approved 376-apartment special use permit and site plan valid until October 2025. The site is ideal for housing, mixed-use, or light industrial development. With current residential vacancy rates at just 2.7%, there is a strong demand for new student and multifamily housing. The property is situated in a prominent location at the intersection of Port Republic and Peach Grove Ave, offering easy access to Interstate 81 and major thoroughfares. Serving the housing needs of JMU, Bridgewater College, and Eastern Mennonite University, this site is zoned B-2, allowing for a variety of potential uses.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 9.91 AC |
| Zoning | B-2 - Zoned B-2 allowing a variety of uses | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 9.91 AC |
| Zoning | B-2 - Zoned B-2 allowing a variety of uses |
1 LOT AVAILABLE
Lot
| Lot Size | 9.91 AC |
| Lot Size | 9.91 AC |
Great housing, mixed use, or light industrial site.
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