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Rockingham Square Shopping Center 1765 S High St

55,870 SF 100% Leased Retail Building Harrisonburg, VA 22801 $6,500,000 ($116/SF) 7% Cap Rate

Retail Buildings Virginia Harrisonburg 1765 S High St, Harrisonburg, VA 22801

Investment Highlights

  • Renovated 2007
  • 297 total marked spaces, including 9 handicap spaces
  • Land: 5.919 acres (257,832 square feet)
  • Great location with future development of 900+ mixed-income housing
  • Year Built: 1984; renovated in 2007

Executive Summary

Rockingham Square is a 55,848 square foot neighborhood shopping center that was built in 1984 and renovated in 2007. The shopping center is anchored by Food Lion, which has anchored the center for forty years and has enjoyed steadily increasing annual sales. The attractive center is currently 100% leased to six tenants.

Attachments

Rockingham Square - teaser Flyer

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
55,870 SF
Building Class
B
Year Built/Renovated
1984/2007
Price
$6,500,000
Price Per SF
$116
Cap Rate
7%
NOI
$455,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.22
Land Acres
5.92 AC
Zoning
B2 - Business 2
Parking
289 Spaces (5.17 Spaces per 1,000 SF Leased)
Frontage
430 FT on High St

Amenities

  • Pylon Sign

Links

1 of 1

PROPERTY TAXES

Parcel Number 021-F-1 Improvements Assessment $5,593,200
Land Assessment $1,160,400 Total Assessment $6,753,600

PROPERTY TAXES

Parcel Number
021-F-1
Land Assessment
$1,160,400
Improvements Assessment
$5,593,200
Total Assessment
$6,753,600
(704) 206-8339

  • Listing ID: 33278783

  • Date on Market: 9/23/2024

  • Last Updated:

  • Address: 1765 S High St, Harrisonburg, VA 22801

More public record information on 1765 S High St, Harrisonburg, VA 22801

The Retail Property at 1765 S High St, Harrisonburg, VA 22801 is currently available For Sale. Contact Collett & Associates for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Rockingham Square Shopping Center | 1765 S High St
(704) 206-8339 x

Rockingham Square Shopping Center | 1765 S High St

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Phil Neari

(704) 206-8339

(704) 206-8339

Charlie Ellis

(704) 206-8302

(704) 206-8302

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