4320 Brambleton AVE, Roanoke, VA 24018

$900,000

Property Type: Commercial Lot Size (sq. ft.): 30,056 Status: Closed

Current Price: $900,000 List Date: 1/10/2019 Last Modified: 12/27/2024

Overview

Description

MAJOR PRICE REDUCTION: 100% occupied commercial investment opportunity located on Brambleton Avenue SW surrounded by some of the most affluent neighborhoods in Roanoke. The building has been well maintained & was substantially renovated in 2006, including a new architectural shingle roof, fully weatherized vinyl soffits, new gutters, updated wiring, & more. The current tenant mix includes medical office, salon, & traditional office space. Most of the tenants have occupied the property for at least 10 years, & one has continuously occupied the property since 1981. All utilities are separately metered, creating ease of management & low overhead. Now offered at an attractive 9.86% CAP Rate, which includes a 5.00% allowance and 5.00% in funded reserves.

Listing Details MLS# 855090

Location, Tax & Legal

Area: 0230 - Roanoke County - South
Street Number: 4320
Street Name: Brambleton
Street Suffix: AVE
State/Province: VA
Zip Code: 24018
Municipality: Roanoke County

General Property Description

Construction Status: Completed
Year Built: 1970
Lot Dimensions: 120 x 250
Total Acreage: 0.69
Road Frontage: 120
Flood Area: No
On site Parking: Yes
Parking Spaces: 36
Gross Building SqFt: 7062
Lease Available: No
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2019-03-24
Sold Date: 2019-05-24

Business Type

Type of Business (Historical Field): Medical Office

More Information

Property Features

Limited Service: Not Limited Service Commercial Type: Investment; Office Sale Includes: Building & Land Construction: Brick; Dryvit Type Roof System: Shingle Heating: Heat Pump Cooling: Heat Pump Manufactured Homes: No HUD Tag Water Description: Public Sewer Description: Public Sewer Documents Available: Topo/Aerial Map Topography: Level

Listing Office: WALDVOGEL COMMERCIAL PROPERTIES

Last Updated: December - 27 - 2024

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