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    3419 Orange Ave Roanoke, VA 24012

    Sponsored
    For Lease
    $9 SF/Yr

    41,117 SF Freestanding Building, Vacant

    Lot size:
    41,117 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 41,117-square-foot freestanding retail building presents a unique opportunity in Roanoke, Virginia. Located at 3419 Orange Ave NE, zip code 24012, in Roanoke County, this single-tenant property boasts a highly visible location within a major commercial area. The building's substantial size offers significant flexibility for a variety of retail uses. Currently vacant, this space is ready for immediate occupancy. Its prime location along Orange Avenue ensures high traffic volume and excellent visibility, making it an ideal site for a business seeking strong exposure. The property's size and configuration provide ample space for a large-scale retail operation or the potential for subdivision into smaller units (subject to local regulations and approvals). The strong co-tenancy in the surrounding area further enhances the property's appeal and potential for success. This is a rare chance to acquire a substantial, well-positioned retail space in a thriving commercial corridor. The property is classified as Commercial, Freestanding, and is ready for a new tenant to establish a significant presence in the Roanoke market. Detailed site plans and specifications are available upon request.

    Property Features for 3419 Orange Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,117 SF
    Total Rate
    32550.96

    Unit(s) available at that property

    Space
    Available SPace
    Size
    41,117 SF
    Rate per SF
    $9

    HighLights

    • 41,117 SF freestanding retail building in Roanoke, VA.
    • Former Walmart Neighborhood Market with drive‑thru.
    • Recently constructed (2014/2015).
    • Fixtures available for purchase.
    • Sublease available until 4/7/2035.
    • Co‑listed with Matt Huff, Poe & Cronk Real Estate Group.
    Property Profile Location Intelligence

    Current Use by Public Records

    Matrix Nails Nail Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.891933205871
    Latitude
    37.300817553432

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    FAQs

    What type of property is this?
    Individual retail property - 41,117 SF Freestanding Building, Vacant
    Where is this individual retail property located?
    The property is located at 3419 Orange Ave Roanoke, VA.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 41,117 SF freestanding retail building in Roanoke, VA.; Former Walmart Neighborhood Market with drive-thru.; Recently constructed (2014/2015).
    Request Owner's contact information
    3419 Orange Ave Roanoke, VA 24012
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    Roanoke, VA 24012
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3419 Orange Ave Roanoke, VA 24012
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