603 Shenandoah AVE NW, Roanoke, VA 24016

$855,000
Property Type: Commercial Lot Size (sq. ft.): 26,136 Status: Closed
Current Price: $855,000 List Date: 3/03/2022 Last Modified: 9/26/2024

Overview

Description

Great Investment Opportunity. Same tenant since 2013. Current lease expires 2026 with two 3-yr options. Triple Net Lease. 9,000+/- SF masonry warehouse building. One drive-in door. Zoned I-1. 200 feet of frontage, 130 foot depth. Located within the Enterprise Zone. Close to Downtown Roanoke. 5.27 percent cap rate.

Listing Details MLS# 887379

Location, Tax & Legal

Area
0140 - City of Roanoke - NW
Street Number
603
Street Name
Shenandoah
Street Suffix
AVE
Street Direction Sfx
NW
State/Province
VA
Zip Code
24016
Municipality
City of Roanoke

General Property Description

Construction Status
Completed
Year Built
1938
Total Acreage
0.6
Road Frontage
200
Flood Area
No
Gross Lot SqFt
26136
On site Parking
Yes
Gross Building SqFt
9000
Lease Available
No
Basement Y/N
No
Water Class
N/A

Status Change Info

Ratified Contract Dt
2022-04-25
Sold Date
2022-07-22

Business Type

Type of Business (Historical Field)
Warehouse

More Information

Property Features

Limited Service: Not Limited Service Commercial Type: Industrial Construction: Brick Roof System: Other - See Remarks Heating: Natural Gas Floors: Concrete; Vinyl Manufactured Homes: No HUD Tag Additional Features: Overhead Door Water Description: Public Sewer Description: Public Sewer Topography: Level
Listing Office: MKB, REALTORS®
Last Updated: September - 26 - 2024
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