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1351 Peach Grove
Harrisonburg, VA 22801

$5,150,000 USD

Land For Sale  •  5.44 AC

Property Details

  • Property Type Land
  • Lot Size 5.44 AC
  • Zoning R-5
39 Transit Score
56 Walk Score

Description

We are offering a 5.438 acre track of land that was rezoned on June of 2019 to residential and commercial (R5C) and again in September 2021 to residential (R5) for your own concept or a 460 bed student housing project. We submitted site and architectural plans for a 460 bed student housing project near James Madison University in Harrisonburg, Virginia. In 2023 another group submitted a different student housing concept for this property. 
We are offering the property and project for $5,150,000. The property is ideally located adjacent to JMU’s Sentara Park and 9/10 of a mile from JMU’s main entrance, making this a prime location for students to live.
Original Project -
460 Beds – 24 Two Bedroom and 103 Four Bedroom Units
6 story building fronting Peach Grove Ave and the properties access road.
410 parking spaces

Approvals and Documents -
Zoning – R-5 (Residential)
Full set of Site Plans (City Approval 8/17/2020 - Updated but still needs to be resubmitted)
Full set of Architectural Drawings (City Approved 9/9/2020 - Needs to be updated and resubmitted)
Topographical Survey (October 27, 2019)
Alta/NSPS Land Title Survey (February 11, 2021)
Phase I Environmental Site Assessment – Clean (October 22, 2020)
Geotechnical Exploration Report (November 8, 2019)

Highlights

Approved Student Housing Project
Near James Madison University
Approved Site Plan
Approved Architecture Drawings

Property Flyers

Public Transportation

AirportDriveWalkDistance
Charlottesville-Albemarle 66 min - 46.3 mi
Jeff Forbes 540-432-9477 Forbes Development
Jeff Forbes 540-432-9477 Forbes Development