5427 Peters Creek RdHollins, VA 24019

Property Details for 5427 Peters Creek Rd

Year built

1992

Lot size

1.34 AC

Property size (Sq ft)

14,850 SF

Property type

Office properties

Description

This three-story, 14,850-square-foot office building in Roanoke, Virginia, presents a compelling investment opportunity for owner-users or redevelopment projects. Located on a heavily trafficked section of Peters Creek Road (5427 Peters Creek Rd, Roanoke, VA 24019), this Class C property boasts ample parking and sits on a 1.34-acre lot. The building, constructed in 1992, features three units and is currently 90% occupied, with the lease expiring July 12, 2024. One side of the building offers an elevator servicing all three floors, while the other side comprises two stories without elevator access. The property is zoned C1 and offers significant potential for various uses. The asking price is $849,950, translating to $57.24 per square foot. This presents a rare chance to acquire a substantial office building in a prime Roanoke location, ideal for those seeking an owner-occupied space or a redevelopment project with high upside potential. The property's size, location, and existing occupancy make it an attractive investment.

Location Insight

City

Hollins

County

Roanoke

State

Virginia

Latitude

37.3361

Longitude

-79.9733

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