124 Newman Ave

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124 Newman Ave

Harrisonburg, VA 22801
Asking Price
$1.95M
Asset Type
Executive Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Professional office center located in downtown Harrisonburg
  • Executive office asset offered for sale at $1,950,000
  • Strategically situated within the 22801 zip code area
  • Suitable for administrative suites or professional service firms
  • Positioned within a key economic hub in Virginia

What's Special

Priced at $1,950,000, this executive office building sits within the downtown core of Harrisonburg, Virginia. The property provides a central professional environment suitable for businesses seeking a presence in a growing regional hub. Harrisonburg maintains a steady economy supported by the educational sector and its role as a significant commercial node in the Shenandoah Valley. The facility layout caters to firms requiring dedicated workspace or administrative suites, offering versatility for various professional services. Investors and owner-occupants alike will find the downtown location advantageous for accessibility and proximity to local business infrastructure. This asset represents a functional addition to an investment portfolio, providing stable space in a well-established submarket that continues to draw professional activity. Its downtown positioning ensures connectivity to regional thoroughfares, making it an efficient choice for organizations that prioritize central operations within the city landscape.

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NOI
$80,000
Cap Rate
4.10%
DSCR
0.69
Underwater
Cash-on-Cash
-6.11%
Monthly Payment
$9,647.536
Annual Cash Flow
$-35,770.433

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