**AUCTION** List price is tax assessed value only. Final selling price to be determined at public auction on December 2, 2026. Bidding will start at $25,000 and will sell to the highest bidder regardless of price. Property will be auctioned by Mountain Valley Auction Group via online auction.
Bidding will close at 1 PM ET on December 2, 2026. Property is being sold AS IS and is subject to a 10% buyer's premium pursuant to the terms and conditions. Please visit the Mountain Valley Auction Group website for a full list of auction information, including all terms and conditions.
VA Auction Firm License 1028. Position your next investment or business location in Harrisonburg's fast growing south end. This is one of the region's most active commercial corridors with lots of new residential and commercial development happening near this location.
This property is surrounded by established national and local retailers, professional offices, banks, and governmental agencies. There is great access with less than 1 mile to I-81 Exit 243. This is a ready-to-execute opportunity for investors, developers, or owner-users looking to capitalize on one of Harrisonburg's most proven commercial locations.
This is not a foreclosure auction. Our sellers have elected to use transparent and competitive bidding to establish the sales price of this property. This tract is located at 3211 Peoples Drive Suite 110 in the City of Harrisonburg and consists of a 937 Sq Ft Commercial Condo zoned B-2 General Business.
It is currently leased by a long term tenant with the current lease expiring December 31, 2031. This is a triple net lease with annual net income of $14,953 increasing 3% annually through the remainder of the lease term. The building dimensions are 25x37.5 ft.
Condo Owners Association fees are paid by the tenant and are $1.85 per sq ft per year. ($146.46 per month) and covers all exterior maintenance, water and sewer, landscaping, parking lot lighting, management fees, trash, COA individual insurance and accounting as well as long term maintenance escrow. Real estate taxes and insurance are also paid by the tenant. This tract is tax map ID: 104-I-8. The 2026 tax assessed value for this tract is $186,300.
