For Sale
$795,000

119 Cleveland Ave Vinton, VA 24179

Prime Vinton location, high-growth area.

Overview

Added:
Dec 11, 2024
Days on market:
137
This 7,368 square foot multi-tenant retail building, located at 119 E Cleveland Ave in Vinton, Virginia, presents a compelling investment opportunity. Built in 2005, the property sits on a 0.665-acre lot and boasts a desirable CBD zoning designation. Currently at 50% occupancy, the building offers a mix of retail spaces, including a 4,900 square foot former drug store and a 2,468 square foot space currently leased to Smiley's Grill & BBQ. The asking price is $795,000, translating to $107.90 per square foot. Key features include a drive-thru, ample parking, high ceilings, and convenient walk-up storage. The building's solid construction, highlighted by a metal roof, ensures durability and longevity. Situated in a revitalized area of Vinton, this property benefits from a highly walkable environment and a growing population, promising strong potential for future growth and increased rental income. The lease type is NNN. This is a value-add opportunity in a thriving Virginia community.

Highlights

  • 7,368 SF multi-tenant retail building on a 0.66-acre lot in Vinton, VA.
  • 50% occupied, featuring a 4,900 SF former drugstore and a 2,468 SF space leased to Smiley's Grill & BBQ.
  • Asking price: $795,000 ($107.90/SF).
  • Features a drive-thru, ample parking, high ceilings, and walk-up storage.
  • Solid construction with a metal roof, located in a revitalized, walkable area with NNN leases.

Property Details for 119 Cleveland Ave

Property type
Lifestyle centers, Power centers
Square Feet
7,368 SF
Year Built
2005
Lot Size (sq. ft)
28,967 SF

Location Insight

City
Vinton
County
Roanoke
State
Virginia
Latitude
37.2778292
Longitude
-79.8976233

FAQs

What type of property is this?
Lifestyle center - Prime Vinton location, high-growth area.
Where is the lifestyle center located?
The property is located at 119 Cleveland Ave Vinton, VA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 7,368 SF multi-tenant retail building on a 0.66-acre lot in Vinton, VA.; 50% occupied, featuring a 4,900 SF former drugstore and a 2,468 SF space leased to Smiley's Grill & BBQ.; Asking price: $795,000 ($107.90/SF).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
119 Cleveland Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message