2350 Peters Creek RdRoanoke, VA 24017

Property Details for 2350 Peters Creek Rd

Year built

1988

Construction

TYPE NOT SPECIFIED

Lot size

1.23 AC

Property size (Sq ft)

8,635 SF

Zone code

CN

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

616-0627

APU

6160627

Description

Green Ridge Center, a Class B mixed-use property in Roanoke, VA, is offered at $1,649,000. This 13,908 square foot shopping center boasts excellent visibility on Peters Creek Road, a major thoroughfare. The property comprises two buildings totaling 13,908 net rentable square feet, built in 1988, situated on a 1.23-acre lot with 46 parking spaces. Building 1 (2350 Peters Creek Rd NW) is 5,268 square feet and houses three tenants. Building 2 (2363 Peters Creek Rd NW), encompassing 8,640 square feet, features six 1,440 square foot bays, with two tenants occupying two bays each. A Domino's Pizza, a tenant since 1988, anchors the second building, alongside another tenant since 2012. The property features a new roof installed in 2018 and offers 3,526 square feet of contiguous space ideal for an owner-occupant or new tenant. The property's zoning is CN, and it offers a pro-forma cap rate of 7.67% and a pro-forma NOI of $126,535. This investment opportunity presents strong potential due to its location, long-term tenants, and available space.

Location Insight

City

Roanoke

County

Roanoke City

State

Virginia

Latitude

37.3137

Longitude

-80.0063

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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