124 Newman Ave Harrisonburg, VA 22801
Secure a premium footprint in downtown Harrisonburg at a compelling price-per-square-foot that sits well below current market averages. This professional office center is anchored by three established professional tenants, providing immediate stability. With over $100,000 in recent capital improvements and over and above service plans - including a partial new roof and two new HVAC units - the asset is in excellent, low-maintenance condition. The real value, however, lies in the significant rental upside; with all current leases at under $12.50/SF gross, this offers a prime opportunity to mark-to-market upon renewal and recapture expenses. Properties with parking in downtown do not come up often.
property details
Interior Features
Exterior Features
Utility & Building Info
Price History
| date | event | price | source |
|---|---|---|---|
|
04/21/2026
04/21/2026
|
Active |
$1,950,000
|
Charlottesville Area Assoc of Realtors |
Market Trends
Source: Constellation1
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