1614 Valley PikeHarrisonburg, VA 22802

Property Details for 1614 Valley Pike

Year built

2005

Lot size

2.35 AC

Zone code

GENERAL BUSINESS DIST

Property type

Other commercial real estate

APN

94-(A)- L134B

APU

94AL134B

Description

Exceptional investment opportunity in Harrisonburg, VA, presents a 21,530 square foot, Class B mini storage facility featuring 241 units. Built in 2005, this single-story property sits on a 2.35-acre lot zoned B1, offering significant income potential. The facility boasts a mix of ambient and climate-controlled units and includes an on-site office equipped with a modern security system and advanced rental management software. Its prime location on North Valley Pike (Route 11) provides easy access to I-81, JMU, downtown Harrisonburg, EMU, VMRC, and the Technology Park, ensuring consistently high occupancy rates. This turnkey operation has demonstrated strong performance for over 19 years. Further expansion is possible, with an approved Rockingham County site plan allowing for up to 100 additional units (6,450 sq ft). The asking price is $5,295,000 ($245.94/sq ft, $21,970.95/unit), making it an ideal 1031 exchange opportunity. This property offers a rare blend of established income and significant growth potential.

Location Insight

City

Rockingham

County

Rockingham

State

Virginia

Latitude

38.4632

Longitude

-78.8468

CBSA code

25500

CBSA name

HARRISONBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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