2707 Greensboro RdMartinsville, VA 24112

  • Other commercial real estate
  • 1.38 AC
For Lease
$13.27/SF/YR View listing

Property Details for 2707 Greensboro Rd

Year built
2008
Lot size
1.38 AC
Zone code
B1
Property type
Other commercial real estate
APN
229950001
APU
229950001

Description

This exceptional 13,569-square-foot former Walgreens retail space presents a prime opportunity for lease in Martinsville, Virginia. Located at 2707 Greensboro Road, this single-tenant building sits on a 1.38-acre lot at a hard-corner, signalized intersection with excellent visibility. The property boasts a convenient drive-thru, multiple entrances, and ample parking with 65 surface spaces. Benefiting from a B1 zoning classification, this freestanding building is ideal for a variety of retail uses and offers significant repurposing or redevelopment potential. The strategic location at the intersection of Greensboro Road (US Route 220) and Rives Road provides exceptional access to high traffic counts, with 12,000 vehicles daily on Greensboro Road and 6,000 on Rives Road. Built in 2008, the Class B building features one story and is served by Appalachian Power. The property's strong demographics further enhance its appeal, with a 5-mile radius encompassing a population of 29,470 and an average household income of $58,205 (2023 data). The property's APN is 229950001. This is a rare opportunity to acquire a well-positioned retail space in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,554,255
    Hospitality
    $6,919,657
    Educational
    $5,757,074
    Medical
    $5,955,068
    Retail
    $8,955,447
2707 Greensboro Rd, Martinsville, Virginia

Location Insight

City
Martinsville
County
Henry
State
Virginia
Latitude
36.6539
Longitude
-79.8742
CBSA code
32300
CBSA name
MARTINSVILLE, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,377
$541,400
$2,049,100
$2,590,500
-
$541,400
$2,049,100
$2,590,500

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