For Sale
$1,650,000

2230 Electric RdCave Spring, VA 24018

Two buildings, prime Roanoke location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents two office buildings totaling 15,628 square feet situated on a 2.1-acre lot in desirable Southwest Roanoke County. The property, located at 2222-2230 Electric Road, Cave Spring, VA 24018, boasts a prime location along a high-traffic corridor (26,000 vehicles daily), offering excellent visibility and convenient access to I-81 (5 miles). The buildings, constructed in 1972 and 1983, are classified as Class B and feature a modified lease type across three multi-tenant units. Currently, the occupancy rate is 25%. The property is zoned C2, allowing for potential redevelopment or expansion. Individual building sales are considered, but a combined sale is preferred. The asking price is $1,650,000, translating to $105.58 per square foot. This offering presents a unique chance to acquire a well-positioned office complex in a thriving area, close to amenities and boasting strong demographics. The property includes two buildings, each two stories high, and benefits from exceptional street signage. The combined parcel numbers are 076.07-02-49.00-0000 and 076.07-02-50.00-0000. This is an owner/user investment opportunity.

Highlights

  • Excellent Southwest Roanoke County location with nearby amenities.
  • High-traffic area with 26,000 vehicles daily.
  • Exceptional visibility and prominent street signage.
  • Situated near top Roanoke Valley demographics.

Property Details for 2230 Electric Rd

Property type
Office properties, Medical offices
Square Feet
15,628 SF
Class
B
Buildings
2
Stories
2
Lot Size (sq. ft)
91,476 SF
Units
3

Location Insight

City
Cave Spring
County
Roanoke
State
Virginia
Latitude
37.243000772685
Longitude
-80.028089789772
2230 Electric Rd, Cave Spring, Virginia

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2230 Electric Rd
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