For Sale
$1,700,000

2 Main StHarrisonburg, VA 22802

20,000 SF, Value-Add Opportunity, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This iconic six-story, 20,000 square foot building, designed by renowned architect Alfred C. Bossom, presents a unique value-add investment opportunity in the heart of Harrisonburg, VA. Located at 2 South Main Street, this Class C building, constructed in 1916, boasts a rich history, having served as the People's Bank and later Rockingham County offices. Currently operating at 30% occupancy with month-to-month tenants, this property offers immediate potential for redevelopment. The building features B-1 zoning, allowing for diverse business uses and potentially residential conversion. Priced at $1,700,000 ($85/SF), significantly below assessed value, this property offers substantial equity potential. The gross lease structure simplifies management. The 0.08-acre lot provides ample space for future development. While requiring full renovation, the building's substantial size and prime downtown location promise significant returns for a buyer willing to undertake a comprehensive revitalization project. The property is sold as-is.

Highlights

  • As-is sale; complete renovation required, significant upside potential.
  • Substantially below assessed value.
  • Month-to-month tenants allow for expedited renovation commencement.
  • Keys available at Harman Realty; contact Sean Hesse at 540-246-8870.

Property Details for 2 Main St

Property type
Office properties, Medical offices
Square Feet
20,000 SF
Class
C
Year Built
1916
Stories
6
Lot Size (sq. ft)
3,485 SF

Location Insight

City
Harrisonburg
County
Harrisonburg City
State
Virginia
Latitude
38.449288806575
Longitude
-78.868607334549
2 Main St, Harrisonburg, Virginia

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2 Main St
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