135 W Market St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
135 W Market St
47,793 SF 100% Leased Office Building Harrisonburg, VA 22801 $3,750,000 ($78/SF)
Investment Highlights
- • Covered Land Play & Historic Adaptive Re-Use Opportunity
- • Eligible for State and Federal Historic Rehabilitation Tax Credits (HRTC)
- • By-Right Multifamily Conversion | Conveys with Schematic Plans for 80 Units
- • Leased to Rosetta Stone Through May 2026 plus a 1-Year Option
- • Located in a Qualified Opportunity Zone Offering Significant Tax Incentives
- • Walking Distance to James Madison University | Almost 23,000 Students
Executive Summary
Feldman Ruel is pleased to offer for sale the Rosetta Stone building, located at 135 W Market in Harrisonburg, Virginia. The subject property is ideally positioned for conversion from office to multifamily use, with the potential to leverage federal and state tax credits. Situated within a qualified opportunity zone, the property is also near James Madison University's main campus, one of Virginia's largest universities. The growing demand for student housing will make 135 W Market Street an excellent choice for students once it is converted to multifamily use. Currently, the subject property is fully leased to Rosetta Stone, an office tenant with a lease extending through May 31, 2026. This offers potential buyers a reliable cash flow during the pre-development phase.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
47,793 SF
Building Class
B
Year Built
1789
Price
$3,750,000
Price Per SF
$78
Percent Leased
100%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
6,828 SF
Building FAR
1.83
Lot Size
0.60 AC
Opportunity Zone
Yes
Zoning
B1 - This district is the urban and regional center for the conduct of commercial, financial, professional and governmental activities.
Parking
17 Spaces (0.36 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 035-X-9-10 | Improvements Assessment | $2,596,400 |
| Land Assessment | $367,600 | Total Assessment | $2,964,000 |
PROPERTY TAXES
Parcel Number
035-X-9-10
Land Assessment
$367,600
Improvements Assessment
$2,596,400
Total Assessment
$2,964,000
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
135 W Market St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.