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    2707 Greensboro Rd Martinsville, VA 24112

    Sponsored
    For Lease
    $13 SF/Yr ($15,005 /Mo)

    13,569 SF Former Pharmacy, High Traffic

    Lot size:
    13,569 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,569-square-foot former Walgreens retail space presents a prime opportunity for lease in Martinsville, Virginia. Located at 2707 Greensboro Road, this single-tenant building sits on a 1.38-acre lot at a hard-corner, signalized intersection with excellent visibility. The property boasts a convenient drive-thru, multiple entrances, and ample parking with 65 surface spaces. Benefiting from a B1 zoning classification, this freestanding building is ideal for a variety of retail uses and offers significant repurposing or redevelopment potential. The strategic location at the intersection of Greensboro Road (US Route 220) and Rives Road provides exceptional access to high traffic counts, with 12,000 vehicles daily on Greensboro Road and 6,000 on Rives Road. Built in 2008, the Class B building features one story and is served by Appalachian Power. The property's strong demographics further enhance its appeal, with a 5-mile radius encompassing a population of 29,470 and an average household income of $58,205 (2023 data). The property's APN is 229950001. This is a rare opportunity to acquire a well-positioned retail space in a thriving market.

    Property Features for 2707 Greensboro Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,569 SF
    Class
    B
    Total Rate
    15005.05

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    13,569 SF
    Rate per SF
    $13

    HighLights

    • 2008 construction, well‑maintained.
    • Features large retail space, warehouse with roll‑up door, office, and restroom.
    • Includes a drive‑thru.
    • Equipped with a fire sprinkler system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Donna S. Roberson, ... Pharmacy Bitcoin Depot | BDCheckout Atm COVID-19 Drive-Thru Testing ... Pharmacy Cardtronics ATM Atm

    Suggested Use

    Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville City
    State
    Virginia
    Longitude
    -79.874268255739
    Latitude
    36.653338641974

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    FAQs

    What type of property is this?
    Retail property - 13,569 SF Former Pharmacy, High Traffic
    Where is this retail property located?
    The property is located at 2707 Greensboro Rd Martinsville, VA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 2008 construction, well-maintained.; Features large retail space, warehouse with roll-up door, office, and restroom.; Includes a drive-thru.
    Request Owner's contact information
    2707 Greensboro Rd Martinsville, VA 24112
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    Martinsville, VA 24112
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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
    2707 Greensboro Rd Martinsville, VA 24112
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