1880 Port Republic Rd, HARRISONBURG, 22801

REDUCED 6% Commercial - Building

$2,429,000

Beds
Full Baths
Half Baths

3,848Sqft
1.4Acres
Built
28DOM
MLS® #: 634443
Active, 28 Days on Market

Mattias Clymer

REALTOR®

  • Office 540-434-2400
  • Cell 540-246-9067
Questions?

Well located Bojangles restaurant with no Landlord responsibilities, solid sales and a strong operator in one of the fastest growing metro areas in Virginia. 5.75% CAP. Located in the Stone Port development, Bojangles occupies a signalized corner location in the fastest growing development in the market area. Excellent growth in the form of retail, single family, and high-density residential surround the site and development. Surrounded by several student housing complexes for JMU. The Tenant is fully responsible for all expenses associated with tax, insurance, common area maintenance, and interior/exterior repairs. Landlord has no obligations to make payment or collect reimbursement for any expenses associated with operation of the property. A strong franchisee, popular location and consistently increasing year-over-year sales bolster the remaining twelve-year term supplemented by four - 5 year renewals and 10% increases every five years.

Price & Status History

Date Details
Price Reduced from $2,586,000 to $2,429,000

Essential Information

MLS® #: 634443
Price: $2,429,000
Square Footage: 3,848
Acres: 1.40
Type: Commercial
Sub-Type: Building
Status: Active

Community Information

Address: 1880 Port Republic Rd
State: Virginia
Zip Code: 22801

Additional Information

Date Listed: September 6th, 2022
Days on Market: 28
Zoning: B-1 Business General
Listing Office: Cottonwood Commercial LLC
Listing Agent: Timothy Reamer

Listing Details

Listing Office: Cottonwood Commercial LLC

Financials

$/SqFt: $631

Neighborhood Information for 1880 Port Republic Rd

High Residential Turnover

  • Lows

    • January 20.40℉
    • July 61.60℉
  • rain icon

    Precipitation

    • 36.12"
  • Highs

    • January 40.50℉
    • July 85.30℉

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