Valuable Commercial Real Estate For Sale At Online Auction
Closing December 2, 2026 @ 1:00 PM

In partnership with Lee & Associates Real Estate we are offering at online auction three commercial properties on Peoples Drive in Harrisonburg VA. These properties are zoned B2 General Business and are being offered in a multi-par format to the highest bidder or bidders regardless of price. Tract  #1 is a 3,750 sq ft commercial condominium in the Hammond Professional Park at 3211 Peoples Drive Suite 130, Tract #2 is a 937 sq ft commercial condominium in the Hammond Professional Park at 3211 Peoples Drive Suite 110, and Tract #3 is a 1.0 acre undeveloped commercial lot at 3191 Peoples Drive. Bidders may bid on individual tracts or combinations of tracts. These commercial parcels are located in a high growth and high traffic area of Harrisonburg and would be suitable for a wide variety of business operations.

This Is An Online Only Auction - All Bids Must Be Submitted On The Website. Click The "Bid Online Now" Button To See Property Details and To Bid.

Position your next investment or business location in Harrisonburg’s fast growing south end. This is one of the region’s most active commercial corridors with lots of new residential and commercial development happening near this location. This offering is three separate tracts or parcels zoned B-2 General Business with two of them being business condominiums and one a vacant lot. These properties are surrounded by established national and local retailers, professional offices, banks, and governmental agencies. There is great access with less than 1 mile to I-81 Exit 243. This is a ready-to-execute opportunity for investors, developers, or owner-users looking to capitalize on one of Harrisonburg’s most proven commercial locations.

Whether you want individual parts or the whole thing, our multi-par auction feature lets you bid on and buy the combination that helps you acquire the property you desire. This is not a foreclosure auction. Our sellers have elected to use transparent and competitive bidding to establish the sales price of these properties.

Tract #1 – This tract is located at 3211 Peoples Drive Suite 130 in the City of Harrisonburg and consists of a 3,750 Sq Ft Commercial Condo zoned B-2 General Business. It features two entrances in the front with flexible space inside that can be configured to your specifications. It is currently configured with offices in the front and along one side and a warehouse/open area on the other side with two restrooms and a kitchen area at the rear of the building.  It could use updated floor coverings and perhaps some paint, but is generally in good condition. The building dimensions are 50x75 ft. The property is currently vacant and ready for your business to move in or buy to invest and lease. Condo Owners Association fees are currently $1.85 per sq ft per year. ($578.13 per month) and covers all exterior maintenance, water and sewer, landscaping, parking lot lighting, management fees, trash, COA individual insurance and accounting as well as long term maintenance escrow. This tract is tax map ID: 104-I-10. The 2026 tax assessed value for this tract is $606,000.

Tract #2 – This tract is located at 3211 Peoples Drive Suite 110 in the City of Harrisonburg and consists of a 937 Sq Ft Commercial Condo zoned B-2 General Business. It is currently leased by a long term tenant with the current lease expiring December 31, 2031. This is a triple net lease with annual net income of $14,953 increasing 3% annually through the remainder of the lease term. The building dimensions are 25x37.5 ft. Condo Owners Association fees are paid by the tenant and are $1.85 per sq ft per year. ($146.46 per month) and covers all exterior maintenance, water and sewer, landscaping, parking lot lighting, management fees, trash, COA individual insurance and accounting as well as long term maintenance escrow. Real estate taxes and insurance are also paid by the tenant. This tract is tax map ID: 104-I-8. The 2026 tax assessed value for this tract is $186,300.

Tract #3 – This tract is located at 3191 Peoples Drive in the City of Harrisonburg and consists of 1.0 ± acres zoned B-2 General Business. This is an vacant commercial building lot. The lot is is ready to build with all utility connections nearby and available. It is subject to certain covenants and restrictions relating to the type of construction (see documents tab for details) but is otherwise unrestricted. This tract slopes gradually upward from the street and has sidewalk and entrance already present. This tract is tax map ID: 104-I-3. The 2026 tax assessed value for this tract is $261,400.

Multi-Par Bidding Format: This auction uses a multi-parcel (multi-par) format, which means tracts are offered individually or in combination.

• How it works: Once each tract has at least one bid, a combination can be opened. A combination bid must be at least one increment higher than the total of the current bids on the individual tracts.

• Combinations and Individual Tract Bids: If a combination bid is placed, you could be outbid even if no one else is bidding directly on your tract. However, if that combination is broken up by new bids on another individual tract, your original bid may become the winner again — or you can increase your bid to regain the lead.

• Bidding rules: There are no “max bids” in this format. Instead, you may bid at the next increment or enter a specific bid amount above the next increment, which will be placed immediately at that amount.

• Extended Close: If any bids are placed on any tract or combination in the last 2 minutes of the auction then bidding for all tracts and combinations will remain open for an additional 2 minutes.

In short: you can bid on single tracts or groups, combinations can shift the high bids, and you must place exact bids - no max (auto) bidding.  If you have any questions about bidding please call, text, or email us.

We Guarantee A Free And Clear Title To These Properties

This property is being sold to the highest bidder regardless of price with a starting bid of $25,000 for each tract

Property Tour Dates: We have scheduled property tours for Wednesday November 11 at 1 PM and Monday November 30 at 1 PM. If you would like an agent to show you the property at some other time or answer any questions you may have please Call Linford Berry at 540-476-3309 or Jeff Robb @ 540-478-7616.

Property Highlights

• Three commercial properties in the City of Harrisonburg offered in individual tracts or in combinations
• Zoned B-2 General Business allowing a wide range of commercial uses
• Located in Harrisonburg’s south end near the DMV, Harrisonburg High School, and surrounded by retail and professional offices
• Adjacent to a major growth corridor anchored ongoing residential/commercial expansion
• Immediate income in place for Tract #2 with triple net lease through Dec 2031
• City water and sewer available to all tracts
• Strong accessibility with close proximity to I-81 @ Exit 243
• Condo units subject to Condo Owners Association fees that cover all exterior maintenance, landscaping, water and sewer, etc.

Additional Information Can Be Found By Clicking The “Bid Online Now” Button

Terms and Conditions:

• WE GUARANTEE A FREE AND CLEAR DEED TO THE PROPERTY
• This property is being sold in AS-IS condition with no financing/appraisal/inspection contingencies. Bidders are strongly encouraged to inspect the property themselves and/or enlist the assistance of professional inspectors or contractors in evaluating the condition and value of the property. All inspections must be performed prior to the auction.
• Buyers Premium: There will be a 10% Buyers Premium added to the high bid to determine total contract purchase price. (For example a 100,000 bid would have a buyers premium of $10,000 added for a total purchase price of $110,000).
• Payment Terms: Payment will be in the form of Cash or Cash Equivalent with a $10,000 non-refundable deposit on each tract due the day of the auction (within 24 hours for online bidders at a distance) and the balance due at closing on or before 45 days. Deposit will be applied to the purchase price at closing. Please do not bid if you are not able to close within 45 days.
• Financing can be obtained for the property, but the sale is not contingent upon obtaining financing.
• All information provided by Mountain Valley Auction Group was obtained from sources believed to be reliable but are not guaranteed. Buyer shall rely on their own information, judgment, and inspection of the property.
• View the sample purchase agreement and complete terms under the "Docs" tab or drop down menu under the photo

Note For Real Estate Agents: Preapproved (No later than 5:00 PM on December 1) buyers agent participation will be compensated. Click Here For Form

Click Here To See Property Details And Bid