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3243 Electric Rd, Roanoke, VA

Customizable office suites in affluent Roanoke neighborhood, recently renovated.

Space Size957 SF - 1,026 SF
Lot Size0.29 Acres
Days on Market1073

Property Features for 3243 Electric Rd

General Information

Standard status Active
Size 957 SF - 1,026 SF
Lot size 0.29 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 3243 Electric Rd Contact us

3243 Electric Rd $12/SF/Yr

Floor
1
Size
1,026 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- A quiet professional setting alongside of traffic counts that would make retailers...
show more
Contact us

3243 Electric Rd $15/SF/Yr

Floor
2
Size
957 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- A quiet professional setting alongside of traffic counts that would make retailers...
show more
Contact us
Listing Agency: Poe & Cronk Real Estate Group
Listed By: Richard Wellford · License #0225077598
Source: Moodyscre
Added: Sep 15, 2023 Changed: Aug 9 Last Checked: Aug 21 at 1:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Poe & Cronk Real Estate Group

Investment Insights

Based on property information with market context.

This property offers office suites in various sizes, customizable to specific needs. It is situated in a neighborhood described as one of Roanoke's most demographically affluent. The location provides a quiet professional setting with high traffic counts. The property has recently undergone exterior renovations. It is suitable for dentists, attorney offices, psychologists, and personal service tenants. An ADA entry ramp is present. The property contains 957 square feet of office space.

Key Highlights

  • Customizable suite sizes to fit specific needs.
  • Location in a demographically affluent Roanoke neighborhood.
  • Exterior renovations project a professional image.

Property Analytics

Current Use

Martin Tim Tutoring Service Dr. James M. ... Physician

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Daycare Center Building Supply Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,065
Businesses Nearby

Market

Lease Benchmarks for Roanoke, VA

$12.96 /SF/Yr
Avg Asking Price
$9.75–$20 /SF/Yr
Price Range
8,466 SF
Avg Space Size

This space is priced 7% below the average of $12.96 /SF/Yr.

Vacancy Rate% for Office in Roanoke, VA

5% 2019
6% 2020
7.5% 2021
7% 2022
7.6% 2023
5.6% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Customizable office suites in affluent Roanoke neighborhood, recently renovated.
Where is this office units located?
The property is located at 3243 Electric Rd Roanoke, VA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Customizable suite sizes to fit specific needs.; Location in a demographically affluent Roanoke neighborhood.; Exterior renovations project a professional image.
(540) 855-3648 Call to check price and availability
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