For Sale
$7,325,000

3424 Orange AveRoanoke, VA 24012

Retail Center, Roanoke, VA - High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 52,700 square foot shopping center in Roanoke, Virginia, presents a compelling investment opportunity. Located on a high-traffic corridor at 3424 Orange Ave NE, Roanoke, VA 24012, this well-maintained property boasts a strong tenant roster including national brands like Verizon, Dunkin’ Donuts, and Dollar Tree, alongside a diverse mix of local businesses such as Big Lick Comics, Los Amigos Bar & Grill, Bratcher’s Ice Cream Parlor, Bounce Roanoke, Lago Pizza, All Season Nail Salon, and Pho Vietnamese Restaurant, and several more. The property offers a 7.00% cap rate and is priced at $7,325,000 ($138.99/sq ft). A significant upgrade was recently completed with the installation of a new video security system in 2023, enhancing security and operational efficiency. The property's prime location and established tenant base provide a stable income stream and significant potential for future growth. Please note that the Wells Fargo outparcel is not included in this sale. This is an excellent opportunity to acquire a well-positioned retail center in a thriving market. Further details are available upon request.

Highlights

  • Strong tenant roster including Verizon.
  • Dunkin' anchored location.
  • Dollar Tree adds significant retail presence.
  • Diverse tenant mix with Big Lick Comics.
  • Los Amigos Bar & Grill contributes to strong food and beverage component.
  • Bratcher's Ice Cream Parlor provides additional retail draw.

Property Details for 3424 Orange Ave

Property type
Lifestyle centers, Power centers
Square Feet
52,700 SF

Location Insight

City
Roanoke
County
Roanoke
State
Virginia
Latitude
37.30402017
Longitude
-79.89294228
3424 Orange Ave, Roanoke, Virginia

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3424 Orange Ave
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