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1870 E Market St
Harrisonburg, VA 22801
Retail Property For Sale
Investment Highlights
- Encompassing one retail building leased to Jiffy Lube
- Approximately 2,6150 SF building on 0.94 acres
- Located near Interstate 81
- 3.5 years remaining on the current lease
- Surrounded by national retailers, restaurants, and regional shopping destinations
- Minutes from James Madison University, a major economic driver for the area
Executive Summary
Exceptional investment opportunity featuring a single-tenant retail property leased to Jiffy Lube. This well-located 2,610 SF building sits on a 0.94-acre lot and offers 3.5 years remaining on the current lease, providing stable cash flow for investors.
Situated in a high-traffic area near Interstate 81, the property benefits from strong visibility and accessibility. It is surrounded by national retailers, popular restaurants, and regional shopping destinations, ensuring consistent customer activity. Additionally, the location is just minutes from James Madison University, a key economic driver in Harrisonburg, enhancing long-term market stability.
Situated in a high-traffic area near Interstate 81, the property benefits from strong visibility and accessibility. It is surrounded by national retailers, popular restaurants, and regional shopping destinations, ensuring consistent customer activity. Additionally, the location is just minutes from James Madison University, a key economic driver in Harrisonburg, enhancing long-term market stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
C
Year Built
1990
Price
$2,275,251 CAD
Price Per SF
$455.05 CAD
Cap Rate
7.25%
NOI
$164,956 CAD
Percent Leased
49%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.00 AC
Zoning
B2 - Business
Frontage
161’ on E Market St
Property Taxes
| Parcel Number | 073-C-6 | Improvements Assessment | $561,066 CAD |
| Land Assessment | $1,199,978 CAD | Total Assessment | $1,761,044 CAD |
Property Taxes
Parcel Number
073-C-6
Land Assessment
$1,199,978 CAD
Improvements Assessment
$561,066 CAD
Total Assessment
$1,761,044 CAD
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