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473 S Main St
Harrisonburg, VA 22801
PREMIER COMMERCIAL DEVELOPMENT SITE · Office Property For Sale
INVESTMENT HIGHLIGHTS
- OUTSTANDING DEVELOPMENT POTENTIAL
- WALKING DISTANCE TO JAMES MADISON UNIVERSITY CAMPUS
- MIXED-USE DEVELOPMENT POTENTIAL: 300 UNITS/APARTMENTS, STUDENT HOUSING + RETAIL, LUXURY APARTMENTS, CONDOMINIUM COMPLEX, HOTEL, STUDENT HOUSING
- UNIQUE OPPORTUNITY TO RESHAPE DOWNTOWN HARRISONBURG’S BUSINESS CORRIDOR
- ADJOINS CITY OF HARRISONBURG MUNICIPAL BUILDING
EXECUTIVE SUMMARY
Premier commercial development site in downtown Harrisonburg. Outstanding development potential in coveted opportunity zone. Unique opportunity to reshape downtown Harrisonburg's business corridor. Property adjoins City of Harrisonburg Municipal Building and within walking distance to James Madison University campus. Development options include Mixed Use Development with potential for 300 units/apartments with prime Main Street first floor retail, Student Housing, Luxury Apartments or Condominiums, Hotel. Join a growing market with 21% population increase over the past decade with continued increase projected.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
5,582 SF
Building Class
B
Year Built
1974
Price
$8,273,580 CAD
Price Per SF
$1,482.19 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,582 SF
Building FAR
0.05
Lot Size
2.75 AC
Opportunity Zone
Yes
Zoning
R3
PROPERTY TAXES
| Parcel Number | 025-J-3-4 | Improvements Assessment | $1,450,403 CAD |
| Land Assessment | $378,256 CAD | Total Assessment | $1,828,660 CAD |
PROPERTY TAXES
Parcel Number
025-J-3-4
Land Assessment
$378,256 CAD
Improvements Assessment
$1,450,403 CAD
Total Assessment
$1,828,660 CAD
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