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INVESTMENT OPPORTUNITY | MULTI-USE BUILDING 911 Chicago Ave 47,927 SF 100% Leased Industrial Building Harrisonburg, VA 22802 $3,490,000 ($72.82/SF)

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INVESTMENT HIGHLIGHTS

  • 47,927 SF Combined
  • Zoning: B-2 Commercial / Industrial SUP
  • 6 Commercial Buildings / 2 Residential Homes
  • 3.44 acres Combined

EXECUTIVE SUMMARY

Outstanding Multi-use Manufacturing Facility – Endless Potential on 3.44 Acres. This exceptional property offers a rare combination of industrial, office, and residential space across 8 total buildings (6 commercial, 2 residential), totaling nearly 48,000 SF on 3.44 acres. Currently zoned B-2 with an Industrial SUP, this versatile facility is primed for a wide range of business or redevelopment opportunities. Property Features: Approx. 26,500 SF of Industrial/Manufacturing/Warehouse space and Includes loading docks, covered overhangs, and flexible layouts. Approx. 11,000 SF of Office Space, with potential to add 7,200 SF on the unfinished second floor of the main office. Three Residential Units totaling approx. 3,600 SF combined. Located near the recently approved Quarry Heights development — 900+ new home development! Prime candidate for multifamily redevelopment (with rezoning approval). Excellent 1031 Exchange opportunity with Two-year leaseback potential for investors seeking immediate returns. This property offers a unique blend of current income potential and future development upside. Whether you're expanding operations, investing in income property, or exploring redevelopment, this site delivers.

PROPERTY FACTS

Price $3,490,000
Price Per SF $72.82
Sale Type Investment
Property Type Industrial
Property Subtype
Manufacturing
  • Flex Light Manufacturing
  • General Retail Freestanding
  • Industrial Warehouse
Building Class B
Lot Size 3.44 AC
Rentable Building Area 47,927 SF
No. Stories 1
Year Built 1955
No. Drive In / Grade-Level Doors 5
Zoning B2

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
038-F-1
Land Assessment
$380,100
Improvements Assessment
$1,987,300
Total Assessment
$2,367,400
  • Listing ID: 35393574

  • Date on Market: 4/7/2025

  • Last Updated:

  • Address: 911 Chicago Ave, Harrisonburg, VA 22802

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