For Sale
$1,467,000

3607 Williamson Rd Roanoke, VA 24012

High-Yield Retail Space, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 8,772 square foot storefront property, located at 3607 Williamson Rd, Roanoke, VA 24012, presents a compelling investment opportunity. Currently occupied by a major retailer under a strong, net-net lease with five years remaining and two five-year renewal options, this property offers significant long-term stability. The asking price is $1,467,000, translating to a compelling $167.24 per square foot. The property boasts a 7.00% capitalization rate based on net income. The building is a single-story structure, zoned CN, situated at a high-traffic corner location at the intersection of Williamson Rd and Oakland Blvd. Landlord responsibilities are limited to roof and HVAC repairs exceeding $2,500, with the tenant covering taxes and insurance. This turnkey investment provides a secure income stream and significant upside potential in a thriving Roanoke location. The property's strong tenant and favorable lease terms make it an ideal addition to any commercial real estate portfolio. This is a rare opportunity to acquire a high-performing retail property in a prime Roanoke location with a strong cap rate.

Highlights

  • $1,467,000 asking price for this Roanoke, VA storefront.
  • 8,772 square foot retail building.
  • $167.24 price per square foot.
  • 7.00% cap rate.
  • Strong net lease to major retailer with a new 5-year lease and two 5-year options.
  • Landlord responsible only for roof and HVAC repairs exceeding $2,500; tenant pays taxes and insurance.

Property Details for 3607 Williamson Rd

Property type
Retail properties, Retail space
Square Feet
8,772 SF
Stories
1

Location Insight

City
Roanoke
County
Roanoke
State
Virginia
Latitude
37.3039305
Longitude
-79.9444782

FAQs

What type of property is this?
Retail property - High-Yield Retail Space, Excellent Location
Where is the retail property located?
The property is located at 3607 Williamson Rd Roanoke, VA.
What is the asking price?
The asking price for this property is $1,467,000.
What are key features of this property?
This property features: $1,467,000 asking price for this Roanoke, VA storefront.; 8,772 square foot retail building.; $167.24 price per square foot.
How can I contact the broker?
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3607 Williamson Rd
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