For Sale
$1,467,000

3607 Williamson RdRoanoke, VA 24012

High-Yield Retail Space, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
115
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
3607 Williamson Rd, Roanoke, Virginia

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3607 Williamson Rd
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