135 W Market Street
Harrisonburg, VA 22801
The Offering
- List Price $3,750,000
- Product Type Office/Redevelopment
- Current GBA 47,793 SF
- Current Use Office
- Proposed Multifamily Units 80
- Zoning B-1
- Lot Size 26,260 SF
- Max FAR 1.82
Investment Summary
Feldman Ruel is pleased to offer for sale the Rosetta Stone building, located at 135 W Market in Harrisonburg, Virginia. The subject property is ideally positioned for conversion from office to multifamily use, with the potential to leverage federal and state tax credits. Situated within a qualified opportunity zone, the property is also near James Madison University's main campus, one of Virginia's largest universities. The growing demand for student housing will make 135 W Market Street an excellent choice for students once it is converted to multifamily use. Currently, the subject property is fully leased to Rosetta Stone, an office tenant with a lease extending through May 31, 2026. This offers potential buyers a reliable cash flow during the pre-development phase.
