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Former Walgreens Retail Opportunity
For Lease
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2707 Greensboro Rd, Martinsville, VA 24112

Freestanding retail building available for lease in Martinsville, Virginia.

Space Size13,569 SF
Lot Size1.38 Acres
Days on Market628

Property Features for 2707 Greensboro Rd

General Information

Standard status Active
Size 13,569 SF
Class B
Total Parking Spaces 65
Lot size 1.38 Acres
Property subtype Retail
Lease Type NNN

Building Details

Building Size 13,569 SF
Year Built 2008
Tenancy Single

Spaces For Lease

at 2707 Greensboro Rd Contact us

Available Space

Size
13,569 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: J & R Management
Listed By: Will Vaughn · License #VA 0225233601
Source: Crexi
Added: Dec 10, 2024 Changed: Aug 25 Last Checked: Aug 29 at 12:48AM

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 J & R Management

Investment Insights

Based on property information with market context.

This ±13,569 square foot freestanding retail building, formerly a Walgreens, is available for lease in Martinsville, Virginia. Situated on 1.38 acres at the intersection of Greensboro Road and Rives Road, on the south end of town, the property benefits from B1 zoning, presenting a repurposing or redevelopment opportunity. The property features a drive-thru, multiple entrances, and 65 surface parking spaces. Located on a hard corner with a signalized intersection, the site offers visibility and direct frontage on US Route 220 (Greensboro Road), which sees 12,000 vehicles per day, and Rives Road, with 6,000 vehicles per day. The surrounding area has a 5-mile population of 29,470 with an average household income of $58,205 (2023 Demographics). The property is suitable for a variety of retail uses.

Key Highlights

  • Freestanding ±13,569 SF building on 1.38 acres, suitable for repurposing or redevelopment.
  • High‑visibility hard corner location at a signalized intersection with direct frontage on US Route 220 (Greensboro Road).
  • B1 zoning allows for a variety of retail uses.

Property Analytics

Current Use

Walgreens Photo (Bike/Boat/Book/etc) Store Donna S. Roberson, ... Pharmacy Bitcoin Depot | BDCheckout Atm COVID-19 Drive-Thru Testing ... Pharmacy Cardtronics ATM Atm

Suggested Use

Top Pick Dental Office Plumbing Service (Bike/Boat/Book/etc) Store Skin Care Clinic Storage Facility Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

201
Businesses Nearby
148k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Home Improvements & Furnishings 31% Dining 24% Groceries 19% Shops & Services 14%
Rural King Home Improvements & Furnishings
45,485 visits/mo 0.2 miles
McDonald's Dining
23,213 visits/mo 0.1 miles
Food Lion Grocery Store Groceries
22,596 visits/mo 0.2 miles
Big Lots Superstores
17,259 visits/mo 0.1 miles
Dollar Tree Shops & Services
9,471 visits/mo 0.1 miles

Demographics for 24112, VA

30,978
Population
15,999
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
86%
High-School Grad
151.3 sq mi
ZIP Area
205
Density / Sq Mi
$47,059
Median Household Income
$34,100
Median Earnings
$770
Median Rent
$119,200
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
Rey
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Similar Off Market Nearby

  • William L. Parker, PharmD 2876 Greensboro Rd, Martinsville, VA 24112
  • Donna S. Roberson, RPH 2707 Greensboro Rd, Martinsville, VA 24112, United States
  • COVID-19 Drive-Thru Testing at Walgreens 2707 Greensboro Rd, Martinsville, VA 24112
  • Vishal Trivedi 2707 Greensboro Rd, Martinsville, VA 241129104
  • CVS Pharmacy 2725 Greensboro Rd, Martinsville, VA 24112

Frequently Asked Questions

What type of property is this?
Drug store - Freestanding retail building available for lease in Martinsville, Virginia.
Where is this drug store located?
The property is located at 2707 Greensboro Rd Martinsville, VA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Freestanding ±13,569 SF building on 1.38 acres, suitable for repurposing or redevelopment.; High‑visibility hard corner location at a signalized intersection with direct frontage on US Route 220 (Greensboro Road).; B1 zoning allows for a variety of retail uses.
(276) 632-5325 Call to check price and availability
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