1870 E Market St - Auto Repair FOR SALE


Harrisonburg, VA 22801
$1,650,000 USD
757-287-3301
1870 E Market St, Harrisonburg, VA for Sale
$1,650,000 USD
Auto Repair - FOR SALE
1/1
null | 7.25% Cap Rate

1870 E Market St
Harrisonburg, VA 22801


HIGHLIGHTS

  • Encompassing one retail building leased to Jiffy Lube
  • 3.5 years remaining on the current lease
  • Approximately 2,6150 SF building on 0.94 acres
  • Surrounded by national retailers, restaurants, and regional shopping destinations
  • Located near Interstate 81
  • Minutes from James Madison University, a major economic driver for the area

OVERVIEW

Exceptional investment opportunity featuring a single-tenant retail property leased to Jiffy Lube. This well-located 2,610 SF building sits on a 0.94-acre lot and offers 3.5 years remaining on the current lease, providing stable cash flow for investors. Situated in a high-traffic area near Interstate 81, the property benefits from strong visibility and accessibility. It is surrounded by national retailers, popular restaurants, and regional shopping destinations, ensuring consistent customer activity. Additionally, the location is just minutes from James Madison University, a key economic driver in Harrisonburg, enhancing long-term market stability.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$647 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

41,034 SF

ZONING

B2

APN/PARCEL ID

073-C-6

ASK ABOUT THIS PROPERTY

A.R. (Rick) GregorMid Atlantic CommercialMore Info
757-287-3301

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A.R. (Rick) GregorMid Atlantic CommercialMore Info
757-287-3301

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.