2230 Electric Rd Roanoke, VA 24018-2302
- Day care centers
- 5,700 SF
- 0.74 lot acres
Current Use by Public Records
- Honey Tree Early Learning Center - Oak Grove / Day Care Center / After School Program
Property Details for 2230 Electric Rd
- Year built
- 1972
- Lot size
- 0.74 lot acres
- Property size
- 5,700 SF
- Zone code
- C2
- Property type
- Day care centers
- APN
- 076.07-02-49
- APU
- 76070249
Description
This exceptional investment opportunity presents two office buildings totaling 15,628 square feet situated on a 2.1-acre lot in desirable Southwest Roanoke County. The property, located at 2222-2230 Electric Road, Cave Spring, VA 24018, boasts a prime location along a high-traffic corridor (26,000 vehicles daily), offering excellent visibility and convenient access to I-81 (5 miles). The buildings, constructed in 1972 and 1983, are classified as Class B and feature a modified lease type across three multi-tenant units. Currently, the occupancy rate is 25%. The property is zoned C2, allowing for potential redevelopment or expansion. Individual building sales are considered, but a combined sale is preferred. The asking price is $1,650,000, translating to $105.58 per square foot. This offering presents a unique chance to acquire a well-positioned office complex in a thriving area, close to amenities and boasting strong demographics. The property includes two buildings, each two stories high, and benefits from exceptional street signage. The combined parcel numbers are 076.07-02-49.00-0000 and 076.07-02-50.00-0000. This is an owner/user investment opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $395,000
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Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke
- State
- Virginia
- Longitude
- -80.0274
- Latitude
- 37.2431
- CBSA code
- 40220
- CBSA name
- ROANOKE, VA METROPOLITAN STATISTICAL AREA
