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1740 E Market St
Harrisonburg, VA 22801
Firestone Strip Center · Retail Property For Sale
Investment Highlights
- Value-Add Opportunity – Ownership has agreed to sign a 2-year lease to commence at the end of escrow to provide investors with income
- Major University Nearby – James Madison University is located 1 mile away from this site. With over 20,000 students enrolled annually
- Recent Lease Extension – Firestone extended out their lease for 8 years beginning May 2022 with a 5% rental increase in year 5.
- World’s Largest Tire Manufacturer – Firestone is a wholly-owned subsidiary Bridgestone Retail Operations, LLC, which has four retail brands
- Affluent Retail Trade Area – The subject property is located along East Market Street or Highway 33, which sees over 30,000 vehicles per day.
Property Facts
Property Type
Retail
Property Subtype
Building Size
20,926 SF
Building Class
C
Year Built
1999
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
2.18 AC
Zoning
B2
Parking
100 Spaces (4.53 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 078-A-2 | Improvements Assessment | $1,132,600 |
| Land Assessment | $2,180,600 | Total Assessment | $3,313,200 |
Property Taxes
Parcel Number
078-A-2
Land Assessment
$2,180,600
Improvements Assessment
$1,132,600
Total Assessment
$3,313,200
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