Listed by Cottonwood Commercial
$1,950,000
PROFESSIONAL OFFICE CENTER IN DOWNTOWN HARRISONBURG
Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 14,922
Tenancy Multi
Lease Type Gross
Price per SqFt $131
Class B
Year Built 1905
Buildings 1
Stories 3
Acreage 0.330
Zoning B1
PROFESSIONAL OFFICE CENTER IN DOWNTOWN HARRISONBURG
Marketing description
Secure a premium footprint in downtown Harrisonburg at a compelling price-per-square-foot that sits well below current market averages. This professional office center is anchored by three established tenants, providing immediate stability. With over $100,000 in recent capital improvements and over and above service plans—including a partial new roof and two new HVAC units—the asset is in excellent, low-maintenance condition. The real value, however, lies in the significant rental upside; with all current leases at under $12.50/SF gross, this offers a prime opportunity to mark-to-market upon renewal and recapture expenses. Properties with parking in downtown do not come up often.
Listing Contacts
Listed by Cottonwood Commercial
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Zoning
B-1 CommercialCore CommercialCentral Business
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