2203 Franklin RdRoanoke, VA 24014

Property Details for 2203 Franklin Rd

Lot size

3.00 AC

Property size (Sq ft)

31,073 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional 31,073 square foot retail center in Roanoke, Virginia, presents a compelling investment opportunity. Located at 2203 Franklin Rd SW, Roanoke, VA 24014, this property boasts a prime location with high visibility and accessibility. The center features three tenants: Earth Fare, First Watch, and Taziki's, occupying the entire 3-acre lot (APN: 1150106). The property benefits from excellent traffic counts, with frontage on Franklin Road SW (18,000 vehicles per day) and access from Wonju Street (16,100 vehicles per day) and Hwy 220 (66,400 vehicles per day). Five points of ingress/egress and a traffic signal at the main entrance ensure convenient access for customers. The anchor tenant, Earth Fare, has a lease extending through 2030 with four five-year renewal options, providing long-term stability and predictable income. The property's strategic location is further enhanced by its proximity to a high-traffic medical facility, Carilion Clinic Orthopedic Surgery, which occupies a neighboring 227,291 square foot building and sees over 500 patients daily. A high-performing Mellow Mushroom restaurant is located on an adjacent outparcel. This well-positioned, fully occupied retail center offers a strong investment opportunity with significant long-term potential.

Location Insight

City

Roanoke

County

Roanoke

State

Virginia

Latitude

37.2519

Longitude

-79.9536

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