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Two-Tenant Retail Shopping Center
New
For Sale
$2,700,000

4335 Pheasant Ridge Rd, Roanoke, VA 24014

Fully leased retail center with commercial general zoning and established tenants.

Property Size13,650 SF
Lot Size1.40 Acres
Price / SF$197.80
Days on Market3

Property Features for 4335 Pheasant Ridge Rd

General Information

Standard status Active
Size 13,650 SF
Lot size 1.40 Acres
Property subtype Retail
Zoning CG
Occupancy 100%

Building Details

Building Size 13,650 SF
Year Built 1997
Tenancy Multi
Listing Agency:
Listed By: Michael Waldvogel, CCIM, SIOR · License #VA #0225079460
Source: Waldvogelcommercial
Added: Aug 19 Changed: Aug 20 Last Checked: Aug 21 at 4:23AM

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 Michael Waldvogel, CCIM, SIOR

Investment Insights

Based on property information with market context.

This shopping center contains a 13,650-square-foot retail building configured for two tenants. Constructed in 1997, the property occupies 1.4 acres and is zoned CG: Commercial General. Both tenant spaces are leased, providing a fully occupied retail asset with established, long-term tenancy.

The center is located at 4335 Pheasant Ridge Road in Roanoke, just off Franklin Road/US 220 at Pheasant Ridge Road. Its surrounding trade area includes the Tanglewood/Route 419 retail corridor, South Roanoke and Hunting Hills, and the broader South Roanoke County market.

Key Highlights

  • 13,650‑square‑foot retail building on 1.4 acres
  • Two‑tenant shopping center with 100% leased occupancy
  • Built in 1997

Property Analytics

Current Use

Goodwill Store and Donation ... Charitable Organization Stitch on Threads (Bike/Boat/Book/etc) Store VA $2.95 Cleaners (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Storage Facility Building Supply Hair Salon

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

276
Businesses Nearby
Balanced
Demand for This Use

Demographics for 24014, VA

16,869
Population
8,508
Households
2
Avg Household Size
45
Median Age
39%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
618
Density / Sq Mi
$65,089
Median Household Income
$46,225
Median Earnings
$949
Median Rent
$260,300
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • Tanglewood Mall 4420-A Electric Rd, Roanoke, VA 24018
  • Hunting Hills 4210 Franklin Rd SW, Roanoke, VA 24014

Frequently Asked Questions

What type of property is this?
Shopping center - Fully leased retail center with commercial general zoning and established tenants.
Where is this shopping center located?
The property is located at 4335 Pheasant Ridge Rd Roanoke, VA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 13,650‑square‑foot retail building on 1.4 acres; Two‑tenant shopping center with 100% leased occupancy; Built in 1997
More about this property
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