590 Neff AveHarrisonburg, VA 22801

Property Details for 590 Neff Ave

Year built

2006

Lot size

0.84 AC

Property size (Sq ft)

3,085 SF

Zone code

GENERAL BUSINESS

Property type

Office properties

Property subtype

Office buildings

APN

084 J 6

APU

084J6

Description

This exceptional two-story office building, constructed in 2006, presents a unique investment opportunity. Located at 590 Neff Avenue, the property boasts a total of 2,169 square feet, currently entirely vacant and ready for immediate occupancy. The building sits on a sizable 0.91-acre lot, providing ample parking for tenants and clients. The zoning is B-2, allowing for a variety of commercial uses, making it ideal for both traditional office spaces and medical practices. The building features excellent signage opportunities, enhancing visibility and attracting potential customers. The interior common areas maintain a classic and professional atmosphere, creating a welcoming environment for tenants and visitors. The property's location within a thriving business district offers the benefit of proximity to other established businesses, fostering a collaborative and mutually beneficial environment. With its versatile space, prime location, and ample parking, this property is perfectly suited for a variety of businesses seeking a high-quality, well-maintained office space. The entire 2,169 square feet is available for lease or purchase, presenting a rare opportunity to acquire a fully vacant building in a desirable location. The single building consists of two stories, offering flexibility in layout and design.

• CAP approach

  CAP return

  Valuation

  6%

  $734,262

  6.5%

  $677,780

  7%

  $629,367

• Comparable approach

  Method

  Valuation

  Relative Method

  $616,815

  Geo Method

  $616,815

• Alternative Use

  Use

  Valuation

  Residential

  $840,447

  Hospitality

  $769,845

  Educational

  $640,502

  Medical

  $662,530

  Retail

  $996,337

Location Insight

City

Harrisonburg

County

Harrisonburg City

State

Virginia

Latitude

38.4255

Longitude

-78.8572

CBSA code

25500

CBSA name

HARRISONBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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