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About This Home
This 0-bedroom, 0-bathroom commercial at 124 NEWMAN AVE in Harrisonburg, VA is listed for $1,950,000 ($131 per sqft). Built in 1905, the home offers 14,922 sqft of living space on a 0.33 acres lot.
Secure a premium footprint in downtown Harrisonburg at a compelling price-per-square-foot that sits well below current market averages. This professional office center is anchored by three established professional tenants, providing immediate stability.
With over $100,000 in recent capital improvements and over and above service plans—including a partial new roof and two new HVAC units—the asset is in excellent, low-maintenance condition. The real value, however, lies in the significant rental upside; with all current leases at under $12.50/SF gross, this offers a prime opportunity to mark-to-market upon renewal and recapture expenses. Properties with parking in downtown do not come up often.
Key Features
- Built in 1905
- 0.33 acre lot
- 3 stories
- 8 parking spaces
Property Details
Monthly Cost Estimate
$10,429/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
124 NEWMAN AVE
Harrisonburg, VA 22801
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 124 NEWMAN AVE is listed at $1,950,000 ($131/sqft). The estimated monthly payment is $8,450 based on 20% down at 6.5% interest.
Key features include: Built in 1905, 0.33 acre lot, 3 stories, 8 parking spaces.
This property is listed by Craig Anders and can be reached at 5403836054 or craig.anders@cottonwood.com.
