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1947 Medical Ave
Harrisonburg, VA 22801
10,950 SF MEDICAL OFFICE FOR SALE OR LEASE · 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 also for lease. NNN Lease Price of $15/SF ($13,688/Month)
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
10,626 SF
Building Class
B
Year Built
1997
Price
$2,290,000
Price Per SF
$215.51
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,313 SF
Building FAR
0.24
Lot Size
1.02 AC
Zoning
B2 - Commercial District 4 WS Medical Ave Tax Map#079-C-8
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 079-C-8 | Improvements Assessment | $1,355,700 |
| Land Assessment | $580,300 | Total Assessment | $1,936,000 |
Property Taxes
Parcel Number
079-C-8
Land Assessment
$580,300
Improvements Assessment
$1,355,700
Total Assessment
$1,936,000
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