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EXCELLENT REDEVELOPMENT OPPORTUNITY 530 N Main St 12,358 SF 100% Leased Retail Building Harrisonburg, VA 22802 $999,950 ($80.92/SF)
INVESTMENT HIGHLIGHTS
- Federal Opportunity Zone
- B1 Zoning
- Owner Financing is available
- Downtown Harrisonburg Central Business District
- Month to Month leases allow for owner/user or investor
EXECUTIVE SUMMARY
Excellent redevelopment opportunity! Located in both the Harrisonburg Downtown Central Business District and in a Qualified Federal Opportunity Zone, this two story, 12,358 square foot building on .76 acres is currently used as an automotive repair shop and church. The automotive shop is a Harrisonburg City approved non-conforming use and is 6,302 square feet, 6 bays, parts storage and office space. The finished upper level is 1,933 square feet with large, glass showroom windows. Remaining unfinished space on the upper floor is 4,123 square feet. The zoning and location make this a great option for a convenience or grocery store on the upper level and an automotive shop on the lower level. However, the B1 zoning allows for a wide range of possible uses, including multi family development, making this a great development opportunity as well. Both tenants are on month to month leases which allows flexibility to purchase as an owner/user or as an investor.
Note: The auto shop would like to stay and is willing to sign a longer term lease. Owner Financing is also available for qualified buyers only.
Note: The auto shop would like to stay and is willing to sign a longer term lease. Owner Financing is also available for qualified buyers only.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,358 SF
Building Class
C
Year Built
1950
Price
$999,950
Price Per SF
$80.92
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.33
Lot Size
0.87 AC
Opportunity Zone
Yes
Zoning
B1
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $492,600 | |
| Land Assessment | $363,500 | Total Assessment | $856,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$363,500
Improvements Assessment
$492,600
Total Assessment
$856,100
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EXCELLENT REDEVELOPMENT OPPORTUNITY | 530 N Main St
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