530 N Main St - Auto Repair FOR SALE


Harrisonburg, VA 22802- Downtown Harrisonburg
$999,950 USD
540-820-7008
530 N Main St, Harrisonburg, VA for Sale
$999,950 USD
Auto Repair - FOR SALE
1/16
null | Request Cap Rate

530 N Main St
Harrisonburg, VA 22802
Downtown Harrisonburg


HIGHLIGHTS

  • Federal Opportunity Zone
  • Downtown Harrisonburg Central Business District
  • B1 Zoning
  • Month to Month leases allow for owner/user or investor
  • Owner Financing is available

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$999,950 USD

PRICE/SF

$81 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

EXCELLENT REDEVELOPMENT OPPORTUNITY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Repair, Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

B1

APN/PARCEL ID

034-E-1,034-E-2

ASK ABOUT THIS PROPERTY

Keith MayCottonwood CommercialMore Info
540-820-7008

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Keith MayCottonwood CommercialMore Info
540-820-7008

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