1626 Orange AVE NW, Roanoke, VA 24017
$1,992,950
Property Type:
Commercial
Baths:
1
Lot Size (sq. ft.):
40,075
Status:
Active
Current Price:
$1,992,950
List Date:
2/10/2025
Last Modified:
10/15/2025
Description
Incredible Commercial Investment opportunity!! Land and building for sale only with a NNN Lease, current tenant is Family Dollar Store, and at the time of the listing there are about 7 years remaining on the current lease. Lease terms extend automatically with 5 year increments. Rent increases 10% on June 1, 2026. GREAT opportunity for serious investors!
More Information MLS# 914242
General Property Description
Construction Status: Completed
Total Acreage: 0.92
Road Frontage: 302
Flood Area: No
On site Parking: Yes
Basement Y/N: No
Parking Spaces: 33
Water Class: N/A
Parking SqFt: 5090
Gross Building SqFt: 3276
Retail SqFt: 3276
Lease Available: No
Year Built: 2016
Total Bths: 1
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Legal: Sclr Realty Ii Llc Family Dollar Store #31518
Tax ID: 222-1601
Annual Taxes: 9751
Zoning Code: CN
Area: 0140 - City of Roanoke - NW
Street Number: 1626
Street Name: Orange
Street Suffix: AVE
Street Direction Sfx: NW
State/Province: VA
Zip Code: 24017
Municipality: City of Roanoke
Remarks & Misc
Directions: From 10th St, west on Orange Ave to property on Left.
Limited Service
Not Limited Service: 1
Construction
Metal Siding: 1
Commercial Type
Investment: 1
Retail: 1
Business Type
Type of Business (Historical Field): Retail
Sale Includes
Building: 1
Building & Land: 1
Heating
Electric: 1
Lease Info
Lease Terms: NNN
Lease Amount: 127525
Lease Expires: 2031-06-30
Miscellaneous Info
Equipment Pass: No
Inventory Included: No
Electric Description: 3 phase
Amps: 400
Cooling
Electric: 1
Income & Expenses
Gross Income: 127525
Water Description
Public: 1
Documents Available
Topo/Aerial Map: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Additional Features
Other - See Remarks: 1
Topography
Level: 1
Contract Information
Current Price: $1,992,950
List Price: $1,992,950
List Date: 2025-02-10
Status: Active
Income Expenses
Net Operating Income: 127525
Property Features
Limited Service: Not Limited Service
Commercial Type: Investment; Retail
Sale Includes: Building; Building & Land
Construction: Metal Siding
Heating: Electric
Cooling: Electric
Manufactured Homes: No HUD Tag
Additional Features: Other - See Remarks
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Documents Available: Topo/Aerial Map
Topography: Level
Listing Office: MAC WESTLAND REAL ESTATE GROUP
Last Updated: October - 15 - 2025
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