473 South Main Street Harrisonburg, VA ^$ 6,000,000

473 South Main Street

^$ 6,000,000

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473 South Main Street

Harrisonburg, VA, 22801

^$ 6,000,000

Studio Baths0.0 Sq 5,582

Monthly Estimate*

^$ 41,912

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Studio

Commercial Property for sale in Harrisonburg, VA

for $6,000,000. This 5,582 square foot building was built in 1974 on a lot size of 2.75.

Premier commercial development site in downtown Harrisonburg. Outstanding development potential in coveted opportunity zone. Unique opportunity to reshape downtown Harrisonburg's business corridor. Property adjoins City of Harrisonburg Municipal Building and within walking distance to James Madison University campus. Development options include Mixed Use Development with potential for 300 units/apartments with prime Main Street first floor retail, Student Housing, Luxury Apartments or Condominiums, Hotel. Join a growing market with 21% population increase over the past decade with continued increase projected.

Commercial Active

Price

^$ 6,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 12,280

Style

Funeral Home

Lot Size

2.75

Year Built

1974

Town/City

Harrisonburg

County/Region

Harrisonburg City

MLS | Web ID

VAHC2000214

Features

Interior

Heating Fuel Electric

Hot Water Electric

Heating Y/N Y

Central Air Y/N Y

General

Sewer Public Sewer

Heating Heat Pump(s)

Cooling Central A/C

Possession Settlement

Zoning R3

Construction Materials Brick Other

Year Built 1974

Property SubType Land for Commercial Use

Tax Year 2023

Percent Ownership Fee Simple

Cool Fuel Electric

Business Type Funeral Home

Accessibility Level Entry - Main

County HARRISONBURG CITY

New Construction N

Property Type Commercial Sale

Water Access Y/N N

Status ACTIVE

Directions Located on South Main Street adjacent to the City of Harrisonburg Municipal Building.

City HARRISONBURG

Buyer Agent Compensation 2.5

Lot Size Square Feet 119790.00

Waterfront Y/N N

Street Name SOUTH MAIN STREET

Tax Annual Amount 12280.0

Price Per Sq Ft 1074.88

Historic Y/N Y

Lease Considered Y/N N

Vacation Rental Y/N N

Days on Market 210

Location Type Business District

Standard Status Active

Year Built Source Estimated

Buyer Agent Compensation Type % Of Gross

Association Recreation Fee N

Exterior

Lot Features Irregular Premium

Water Source Public

Type of Parking Public Garage Other

Water View Y/N N

Building Area Total 5582.00

Lot Size Acres 2.75

Lot Size Units Square Feet

Lot Size Source Estimated

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 473

* Excluded Features

List By

Cottonwood Commercial, Llc.

Broker

keith.may@cottonwood.com

Affordability Calculator

$42,935

Per Month

Monthly Principal & Interest: $41,912
Monthly Property Taxes: $1,023
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Harrisonburg, VA

Average List Price ^$2,715,000

Percent of Sale Price 55%

About Harrisonburg, VA

54,367 Population

34% Since 2002

^$42,280 Median Income

24.31 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/20/2023	$6,000,000		Listed Price

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473 South Main Street, Harrisonburg, VA, 22801 is a Commercial Property for sale at $6,000,000 with 5,582 sqft and a lot size of 2.75. 473 South Main Street is a studio with 0.0 baths and was built in 1974. The property's zip code is 22801 which is in Harrisonburg, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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473 South Main Street

Commercial Property for sale in Harrisonburg, VA

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