For Sale
$6,500,000

1719 High St Harrisonburg, VA 22801

High-Yield Food Lion-Anchored Shopping Center

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
Rockingham Square, a thriving 55,848-square-foot shopping center in Harrisonburg, Virginia, presents a compelling investment opportunity. This established center, located at 1719-1755 South High St, 22801, boasts a strong anchor tenant: Food Lion, a fixture for over four decades with consistently growing sales. Built in 1984 and renovated in 2007, the property sits on a 5.919-acre lot and is currently 100% leased to six tenants, ensuring immediate cash flow. The ample parking provides 297 spaces, including 9 designated handicap spots. Utilities are serviced by public electric, natural gas, water, and sewer. The property offers a pro-forma cap rate of 7.00% and is listed at $6,500,000. This well-maintained center benefits from its established tenant base, prime location, and significant upside potential, making it an ideal addition to any commercial real estate portfolio. The property's strong performance history and attractive features make it a rare opportunity in the Harrisonburg market. This is a chance to acquire a stable, income-producing asset with a proven track record of success.

Highlights

  • 1984 construction, renovated in 2007.
  • 297 parking spaces, including 9 handicap-accessible spaces.
  • Public utilities: electricity, natural gas, water, and sewer.
  • 55,848 square feet, 100% leased.

Property Details for 1719 High St

Property type
Land
Lot Size (sq. ft)
257,832 SF

Location Insight

City
Harrisonburg
County
Harrisonburg City
State
Virginia
Latitude
38.4049904
Longitude
-78.8722341

FAQs

What type of property is this?
Land - High-Yield Food Lion-Anchored Shopping Center
Where is the land located?
The property is located at 1719 High St Harrisonburg, VA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 1984 construction, renovated in 2007.; 297 parking spaces, including 9 handicap-accessible spaces.; Public utilities: electricity, natural gas, water, and sewer.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1719 High St
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