About 90 North Main Street
Fully leased, mixed use investment property in Downtown Harrisonburg with additional development potential at a 6.3% CAP rate based on current NOI. Professional office, Boutique retail and Health/Wellness currently serve as a great tenant mix. The addition of a high quality common area lobby helps provide a 1st class feel. The new, long term, NNN leases, provide investment security. In addition take advantage of the Federal Qualified Opportunity Zone and Harrisonburg’s Economic Revitalization Tax Credit by developing the vacant, attached lot. Vacant Lot: .08 acre, B1 zoning: No minimum setbacks, parking requirements or lot size requirements. Up to 75 feet in height (taller via a special use permit). Potential for a by right development of a 7 story, 28 unit apartment building subject to site plan approval. Water meter in place, just needs a size upgrade. Electric, Gas and Sewer on the premises.
Features of 90 North Main Street
| MLS® # | VAHC2000468 |
|---|---|
| Price | $3,200,000 |
| Bathrooms | 0.00 |
| Square Footage | 15,060 |
| Acres | 0.26 |
| Year Built | 1975 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 90 North Main Street |
|---|---|
| City | HARRISONBURG |
| County | HARRISONBURG CITY-VA |
| State | VA |
| Zip Code | 22802 |
Amenities
| Utilities | Electric Available, Natural Gas Available, Sewer Available, Water Available, Under Ground |
|---|---|
| View | City, Street |
| Is Waterfront | No |
Interior
| Heating | Central |
|---|---|
| Cooling | Central A/C, Roof Mounted |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Exterior | Brick and Siding, Stucco |
|---|---|
| Lot Description | Additional Lot(s), Corner Lot, Road Frontage, Zero Lot Line |
| Roof | Metal, Rubber |
| Foundation | Brick/Mortar |
School Information
| District | HARRISONBURG CITY PUBLIC SCHOOLS |
|---|---|
| Elementary | CALL SCHOOL BOARD |
| Middle | CALL SCHOOL BOARD |
| High | HARRISONBURG |
Additional Information
| Zoning | B1 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Cottonwood Commercial, LLC. |
|---|---|
| Contact Info | (540) 434-9922 |