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Office Building in Prime Location
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3247 Electric Rd, Cave Spring, VA 24018

Office building in a highly desirable, affluent Roanoke neighborhood.

Property Size6,600 SF
Price / SF$105.30
Days on Market824

Property Features for 3247 Electric Rd

General Information

Standard status Active
Size 6,600 SF
Class C
Property subtype Office
Zoning C1

Building Details

Year Built 1988
Year Renovated 2023
Stories 3
Listing Agency: Poe & Cronk Real Estate
Listed By: Richard Wellford · License #VA 0225077598
Source: Crexi
Added: May 21, 2024 Changed: Aug 21 Last Checked: Aug 21 at 10:58AM

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

Investment Insights

Based on property information with market context.

This 6,600-square-foot office building is situated in a prime location within the most desirable office park in Southwest County. The property offers an income opportunity for owner-occupants. The location provides a quiet, professional setting with high traffic counts. The office suites are flexible and suitable for various professionals and medical providers. Current tenants include dentists, attorneys, psychologists, and personal service providers, benefiting from the property's central location in one of Roanoke's most affluent neighborhoods. The property has recently undergone exterior renovations to enhance its professional image.

Key Highlights

  • Owner‑occupant income opportunity: Let tenants cover your costs while you operate your business.
  • Prime location: Situated in the best‑located office park in SW County with high traffic counts.
  • Flexible office suites: Suitable for various professionals and medical providers.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Auto Repair Shop Auto Parts Store Storage Facility

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

Location Intelligence

Trade Area within ½ mile

22
Businesses Nearby

Demographics for 24018, VA

39,144
Population
17,546
Households
2.2
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
42.8 sq mi
ZIP Area
915
Density / Sq Mi
$90,383
Median Household Income
$53,350
Median Earnings
$1,221
Median Rent
$327,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building in a highly desirable, affluent Roanoke neighborhood.
Where is this office building located?
The property is located at 3247 Electric Rd Cave Spring, VA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Owner‑occupant income opportunity: Let tenants cover your costs while you operate your business.; Prime location: Situated in the best‑located office park in SW County with high traffic counts.; Flexible office suites: Suitable for various professionals and medical providers.
(540) 537-6732 Call to check price and availability
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