2240 Shenandoah AveRoanoke, VA 24017

Property Details for 2240 Shenandoah Ave

Year built

1949

Construction

TYPE NOT SPECIFIED

Lot size

5.35 AC

Property size (Sq ft)

33,680 SF

Zone code

I-1

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

231-1101

APU

2311101

Description

This exceptional 32,550-square-foot industrial property, located at 2240 Shenandoah Avenue NW in Roanoke, Virginia, presents a significant opportunity. The building is zoned for industrial use and offers a single-tenant occupancy. The space is currently vacant and ready for immediate occupancy. The warehouse component comprises 25,050 square feet of sprinkled space, ideal for distribution or warehousing operations. A substantial 7,500-square-foot office area is situated on the second level, featuring abundant natural light from new windows offering panoramic views. Currently in shell condition, the office space is adaptable to tenant specifications

• CAP approach

  CAP return

  Valuation

  6%

  $4,581,914

  6.5%

  $4,229,458

  7%

  $3,927,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,626,408

  Geo Method

  $11,982,906

• Alternative Use

  Use

  Valuation

  Residential

  $4,229,458

  Hospitality

  $3,874,161

  Educational

  $3,223,257

  Medical

  $3,334,110

  Retail

  $5,013,955

Location Insight

City

Roanoke

County

Roanoke City

State

Virginia

Latitude

37.2819

Longitude

-79.9756

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].