# 124 NEWMAN AVE, Harrisonburg, VA 22801

> **TL;DR:** commercial, $1,950,000 ($131/sqft), built 1905, 14,922 sqft. Est. $8,450/mo. Listed 41 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,950,000 |
| Price/sqft | $131 |
| Square Feet | 14,922 |
| Year Built | 1905 |
| Lot Size | 14,375 sqft (0.33 acres) |
| Stories | 3 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 41 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $8,450 |
| **Total** | **$8,450** |

## Property Highlights

- Built in 1905
- 0.33 acre lot
- 3 stories
- 8 parking spaces

## Description

### Agent Description
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.

## Location

- **Address:** 124 NEWMAN AVE, Harrisonburg, VA 22801

## Listing Agent

- **Name:** Craig Anders
- **Brokerage:** Cottonwood Commercial LLC
- **Phone:** 5403836054
- **Email:** craig.anders@cottonwood.com

## Primary Photo

![124 NEWMAN AVE - Primary Photo](http://lh.rdcpix.com/18b9ed616678f3467335a99d67a59386l-f951994807r.jpg)

*37 total photos available on [listing page](https://www.propertysimple.com/listing/124-newman-ave-harrisonburg-va-22801-a676102)*

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**MLS#:** 676102 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Harrisonburg-Rockingham Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/124-newman-ave-harrisonburg-va-22801-a676102)

---

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