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Rockbridge Square Retail Space
For Sale
Contact for pricing
Pending

485 E Nelson Street, Lexington, VA 24450

Retail space at Rockbridge Square Shopping Center is offered for sale.

Property SizeContact for details
Days on Market43

Property Features for 485 E Nelson Street

General Information

Standard status Pending
Property subtype Retail

Additional Details

Cap Rate 7.72%
Listing Agency: Cushman & Wakefield Thalhimer - Roanoke, Virginia
Listed By: Jessica Gauldin · License #VA 0225183030
Source: Crexi
Added: Jul 21 Changed: Aug 30 Last Checked: Aug 31 at 6:14AM

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 Cushman & Wakefield Thalhimer - Roanoke, Virginia

Investment Insights

Based on property information with market context.

Rockbridge Square Shopping Center includes retail space offered for sale. The property is located at 485 E. Nelson Street in Lexington, Virginia, with a stated 7.72% CAP.

Key Highlights

  • Retail space offered for sale
  • Rockbridge Square Shopping Center
  • 7.72% CAP

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Nail Salon Big Box & Wholesale Store Garden Center Kitchen & Bath Showroom 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

1,197
Businesses Nearby
224k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 40% Dining 35% Groceries 18% Home Improvements & Furnishings 4%
Sheetz Shops & Services
40,847 visits/mo 0.3 miles
Kroger Groceries
19,544 visits/mo 0.2 miles
Cook Out Dining
18,951 visits/mo 0.1 miles
Ollie's Bargain Outlet Shops & Services
14,999 visits/mo 0.4 miles
Food Lion Grocery Store Groceries
14,835 visits/mo 0.5 miles

Demographics for 24450, VA

17,654
Population
7,650
Households
2.3
Avg Household Size
37
Median Age
46%
College-Educated
94%
High-School Grad
220.0 sq mi
ZIP Area
80
Density / Sq Mi
$77,839
Median Household Income
$29,841
Median Earnings
$1,017
Median Rent
$294,200
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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Frequently Asked Questions

What type of property is this?
Retail space - Retail space at Rockbridge Square Shopping Center is offered for sale.
Where is this retail space located?
The property is located at 485 E Nelson Street Lexington, VA.
What are key features of this property?
This property features: Retail space offered for sale; Rockbridge Square Shopping Center; 7.72% CAP
More about this property
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