3260 Electric RD, Roanoke, VA 24018
$1,700,000
Property Type:
Commercial
Lot Size (sq. ft.):
43,560
Status:
Closed
Current Price:
$1,700,000
List Date:
7/30/2019
Last Modified:
12/27/2024
Description
Retail strip center located in SW Roanoke County. At the intersection of 2 of Roanoke's busiest arterials, Brambleton Ave and Electric Rd. The area is packed with national retailers within a dense retail hub, including two Kroger centers. Located at a connection node between several trade areas with an average household income in excess of $94,000 (3 mile radius). Features include an attractive, modern facade, plenty of parking, and access to a lighted intersection. Several national tenants. Recent occupants included fast food concepts to cell phone providers. Center is well positioned to attract a variety of tenants. Significant upside by leasing up the current vacant suites. Currently offered for lease at $16 PSF + CAM's.
More Information MLS# 861717
General Property Description
Lot Dimensions: 71 FT Frontage Facing Electric Rd
Construction Status: Completed
Total Acreage: 1
Road Frontage: 71
Flood Area: No
Gross Lot SqFt: 43560
On site Parking: Yes
Basement Y/N: No
Parking Spaces: 50
Water Class: N/A
Gross Building SqFt: 10535
Retail SqFt: 10535
Lease Available: Yes
Leaseable SqFt: 142800
Year Built: 2004
Location, Tax & Legal
Major Area: 02 - Roanoke County
Legal: Tax ID # 077-13-05-48-01
Tax ID: 077.13-05-48.01-0000
Annual Taxes: 17229
Zoning Code: C2C
Area: 0230 - Roanoke County - South
Street Number: 3260
Street Name: Electric
Street Suffix: RD
State/Province: VA
Zip Code: 24018
Municipality: Roanoke County
Remarks & Misc
Directions: Corner of Electric and Brambleton Ave. across the parking lot from Ruby Tuesday.
Limited Service
Not Limited Service: 1
Commercial Type
Retail: 1
Views
City: 1
Business Type
Type of Business (Historical Field): Retail Investment
Sale Includes
Building & Land: 1
Heating
Heat Pump: 1
Cooling
Electric: 1
Income & Expenses
Gross Income: 210262
Gross Expenses: 53329
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Levels
One: 1
Internet Access
Cable: 1
Floors
Carpet: 1
Concrete: 1
Topography
Level: 1
Contract Information
Current Price: $1,700,000
Sold Price: $1,700,000
List Date: 2019-07-30
Status: Closed
Status Change Info
Ratified Contract Dt: 2019-08-07
Sold Date: 2019-12-09
Sold Price: $1,700,000
Property Features
Limited Service: Not Limited Service
Commercial Type: Retail
Sale Includes: Building & Land
Levels: One
Heating: Heat Pump
Cooling: Electric
Floors: Carpet; Concrete
Manufactured Homes: No HUD Tag
Water Description: Public
Sewer Description: Public Sewer
Internet Access: Cable
Topography: Level
Listing Office: WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: December - 27 - 2024
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