1181 Mount Clinton PikeHarrisonburg, VA 22802

Property Details for 1181 Mount Clinton Pike

Year built

1950

Lot size

0.43 AC

Property size (Sq ft)

900 SF

Zone code

GENERAL BUSINESS

Property type

Office buildings

APN

048 D 1

APU

048D1

Description

This exceptional 1,900 square foot office building presents a fantastic opportunity for businesses seeking a prominent location in Harrisonburg, Virginia. Situated on a 0.43-acre corner lot, this property enjoys high visibility across from Eastern Mennonite University and is conveniently located approximately one mile from the heart of downtown Harrisonburg. The building offers a well-designed layout, perfect for a variety of professional uses. The first floor features three spacious office spaces, a functional kitchen, and a full bathroom, providing ample room for staff and client interaction. Upstairs, four additional office spaces and another bathroom offer flexibility and privacy. The unfinished basement presents significant potential for expansion or additional storage, allowing for future growth and adaptation to evolving business needs. The property also boasts eight paved parking spaces, ensuring convenient access for employees and visitors. This move-in ready building combines a desirable location with a practical and efficient design, making it an ideal investment for any discerning business. The property is priced at $375,000 and offers a rare blend of convenience, functionality, and visibility in a thriving community. This is a unique opportunity to establish a strong presence in a highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $242,770

  6.5%

  $224,096

  7%

  $208,089

• Comparable approach

  Method

  Valuation

  Relative Method

  $179,946

  Geo Method

  $179,946

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $433,377

  Retail / Commercial

  $223,764

  Mixed-Use / Specialty

  $224,172

  Hospitality / Lodging

  $166,038

  Institutional / Educational

  $233,479

  Residential Income

  $273,171

  Multifamily

  $320,941

  Automotive / Energy

  $200,125

  Parking / Income-Based Land

  $67,869.30

  Restaurant / Food Service

  $119,167

  Healthcare / Senior Housing

  $228,647

Location Insight

City

Harrisonburg

County

Harrisonburg City

State

Virginia

Latitude

38.4684

Longitude

-78.8798

CBSA code

25500

CBSA name

HARRISONBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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