90 North Main St Harrisonburg, VA 22802
Other
MLS #: 667527
Courtesy Of Cottonwood Commercial LLC
Property InformationDescription
Fully leased, mixed use investment property in Downtown Harrisonburg with additional development potential at a 6.3% CAP rate based on current NOI. Professional office, Boutique retail and Health/Wellness currently serve as a great tenant mix. The addition of a high quality common area lobby helps provide a 1st class feel. The new, long term, NNN leases, provide investment security. In addition take advantage of the Federal Qualified Opportunity Zone and Harrisonburg s Economic Revitalization Tax Credit by developing the vacant, attached lot. Vacant Lot: 0.08 acre, B1 zoning: No minimum setbacks, parking requirements or lot size requirements. Up to 75 feet in height (taller via a special use permit). Potential for a by right development of a 7 story, 28 unit apartment building subject to site plan approval. Water meter in place, just needs a size upgrade. Electric, Gas and Sewer on the premises.
Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Building Units: 3
- Cooling System: Central Air
- Exterior Type: Stucco
- Exterior Type: Concrete
- Floors: 2
- Heating System: Natural Gas
- Legal Description: 90 N Main St, 71 E Elizabeth St, 89 E Elizabeth St. Commercial District 1 ES N Main St, Commercial District 1 SS E Elizabeth St.
- MLSID: 667527
- Roof Type: Metal
- Roof Type: Other
MAP & DIRECTIONS
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