1351 Peach Grove - Residential LAND FOR SALE


Harrisonburg, VA 22801 236,966 SF
$4,500,000 USD
540-432-9477
1351 Peach Grove, Harrisonburg, VA for Sale
$4,500,000 USD
Residential LAND - FOR SALE
1/6
236,966 SF

1351 Peach Grove
Harrisonburg, VA 22801


HIGHLIGHTS

  • Approved Student Housing Project
  • Near James Madison University

OVERVIEW

Location Advantage - Adjacent to JMU’s Sentara Park. - 9/10 mile from JMU’s main entrance—ideal for student housing. Development Opportunity - Rezoned to R-5 for high-density residential. - Ready for a 460-bed student housing project or customizable concepts. Key Features - Six-story design with 410 parking spaces (original project). - Fully documented with zoning, site plans, and architectural approvals. Turnkey Preparation - Clean environmental report and geotechnical exploration completed. - Surveys and title work up to date. Investment Highlights - High demand for student housing at James Madison University. - Prime location with extensive groundwork already completed. Price and Commission - Offering at $4,500,000. - 2% commission offered to the buyer’s broker.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/ACRE

$827,207/AC

PRICE/SF

$19 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

5.4ac | R-5 High Density Res. | Near JMU

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Storefront Retail/Residential

LAND ACRES

5.44 AC

LAND SF

236,966 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Cable, Telephone

ZONING

R-5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jeff ForbesForbes DevelopmentMore Info
540-432-9477

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Jeff ForbesForbes DevelopmentMore Info
540-432-9477

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.