1351 Peach Grove - Student Housing | High Density Residential

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)