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1947 Medical Ave
Harrisonburg, VA 22801
TWO-STORY 10,950 SF MEDICAL OFFICE CONDO · Office Property For Sale
Executive Summary
Well-maintained 10,950 SF two-story brick medical office condominium currently leased to UVA Pediatrics, which has operated at this location for 10 years. The lease expires August 31, 2026, after which it converts to month-to-month until the tenant relocates. Under the NN lease, the tenant pays property taxes, insurance. and all repairs and maintenance except the roof. Constructed in 1998, this attractive property offers a highly functional layout featuring 20 exam rooms, 18 offices, a conference room, 9 restrooms, multiple storage rooms, a kitchen/meeting room, 3 separate entrances, ample parking on a 1.02-acre site. The property is ideally located in a strong medical and retail corridor, surrounded by numerous national retailers and professional offices. It is situated just 0.5 miles from James Madison University and less than 2 miles from Sentara RMH Medical Center, making it a strategic location for continued medical or professional office use. Excellent opportunity for investors or future owner-users.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
10,950 SF
Building Class
B
Year Built
1998
Price
$3,137,300 CAD
Price Per SF
$286.51 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,475 SF
Building FAR
0.25
Lot Size
1.02 AC
Zoning
B2 - Commercial District 4 WS Medical Ave Tax Map#079-C-8
Property Taxes
| Parcel Number | 079-C-8 | Improvements Assessment | $1,877,631 CAD |
| Land Assessment | $803,710 CAD | Total Assessment | $2,681,341 CAD |
Property Taxes
Parcel Number
079-C-8
Land Assessment
$803,710 CAD
Improvements Assessment
$1,877,631 CAD
Total Assessment
$2,681,341 CAD
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