Shannon Hill Office Park - 7% CAP

725 E Market St, Harrisonburg, VA 22801, USA

For Sale

$1,550,000.00

Property Description

The popular Shannon Hill Office Park located on East Market Street just outside of Downtown Harrisonburg could now be yours with cash flow and vacant top lot ready for development! Perfect for an apartment building to be built at the top of the property while continuing cash flow from the office complex tenants. As leases phase out buildings could be redeveloped to additional multi-family apartment buildings. Currently there are a multitude of tenants in 12,448 square feet in 15 units it is zoned B2 in the City of Harrisonburg. There are 3 4-plex and 1 tri-plex buildings offering plenty of attractive options for local Harrisonburg businesses. Parking is no issue and signage is bold! Conversion for partial or all of complex to be residential is possible. There is a daily average traffic count of 12,000+ and it is only 1.1 miles from I-81 Exit 247. This complex is also near the JMU campus, Cloverleaf Shopping Center, Burgess Road Shopping Center & many other businesses and restaurants. 7% CAP Rate!

Contact Agent

Agent Name

Agent Phone

Email

Property Details

Property Type

Bedrooms

Bathrooms

Zoning

B-2

Square Footage

12448

Acreage

1.58

Year Built

Attachments

Shannon Hill - For Sale Brochure.pdf

Attachment #2

Attachment #3

Property Location