Multi-Tenant Retail Storefront
For Sale
$535,000
6711 Williamson Rd, Roanoke, VA 24019
Currently 68% leased to an insurance office, dentist, hair salon, and retail store, with additional space occupied by the seller.
Property SizeContact for details
Days on Market38
Property Features for 6711 Williamson Rd
General Information
Standard status
Active
Total Parking Spaces
23
Occupancy
68%
Additional Details
Pylon Signage
Yes
Taxes and HOA fees
Annual Taxes
$4,329
Building Details
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
IVY REALTY LLC
(540) 761-5820
Listed By:
CODY ALLEN MCCRAW
(540) 761-5820
Source:
Exprealty
Added: Jul 16
Changed: Aug 20
Last Checked: Aug 22 at 10:23AM
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 IVY REALTY LLC
Investment Insights
Based on property information with market context.
Located at 6711 Williamson Rd in Roanoke, VA, this multi-tenant retail and office storefront building is currently 68% leased. Tenant mix includes an insurance office, dentist office, hair salon, and a retail store, with the seller occupying one of the tenant spaces (32%) as a law office.
The site is improved with a paved parking lot containing 23 parking spaces and a pylon sign. Existing leases are described as below market averages.
Financing and performance measures provided include an estimated 10.5% CAP based on NOI derived from existing rents and a sale-leaseback agreement with the seller, and a 14.1% CAP based on market rents at stabilization.
The site is improved with a paved parking lot containing 23 parking spaces and a pylon sign. Existing leases are described as below market averages.
Financing and performance measures provided include an estimated 10.5% CAP based on NOI derived from existing rents and a sale-leaseback agreement with the seller, and a 14.1% CAP based on market rents at stabilization.
Key Highlights
- 68% leased across insurance office, dentist, hair salon, and retail store plus seller‑occupied law office space
- Seller occupies 32% as a law office
- Paved parking lot with 23 parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
68%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 24019, VA
27,630
Population
12,373
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
94%
High-School Grad
30.2 sq mi
ZIP Area
915
Density / Sq Mi
$75,329
Median Household Income
$46,626
Median Earnings
$1,207
Median Rent
$237,900
Median Home Value
Market
Vacancy Rate% for Office in Roanoke, VA
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Frequently Asked Questions
What type of property is this?
Storefront property - Currently 68% leased to an insurance office, dentist, hair salon, and retail store, with additional space occupied by the seller.
Where is this storefront property located?
The property is located at 6711 Williamson Rd Roanoke, VA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 68% leased across insurance office, dentist, hair salon, and retail store plus seller‑occupied law office space; Seller occupies 32% as a law office; Paved parking lot with 23 parking spaces
