2911 Hershberger Rd Roanoke, VA 24017
Sponsored
117,726 SF Value-Add Opportunity
Property size:
117,726 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property Features for 2911 Hershberger Rd
General Information
- Property type
- Lifestyle centers
- Square Feet
- 117,726 SF
- Lot Size
- 478,768 SF
Building Details
- Year Built
- 1976
HighLights
- Major Value‑Add Opportunity: 117,726 SF building, 75% vacant, offering significant NOI growth potential through leasing, redevelopment, or pad site development.
- Established National Tenant: Big Lots (NYSE: BIG) occupies 29,726 SF under a six‑year, corporately guaranteed NNN lease.
- Prominent Retail Corridor: Located in a dense retail area with adjacent national retailers and proximity to a major retail corridor along I‑581, including Walmart, Target, and others.
- Surrounded by Complementary Uses: Adjacent to a high school and near other schools, and within 5 minutes of Roanoke‑Blacksburg Regional Airport and numerous hotels.
- Dense and Growing Submarket: Over 141,000 residents within 5 miles, with projected population growth.
- Exceptional Regional Access: Situated at a major interstate interchange with high traffic counts on I‑581 and I‑81, and near the airport.
Property Profile
Location Intelligence
Current Use by Public Records
Big Lots
Furniture Store
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke
- State
- Virginia
- Longitude
- -79.9805522
- Latitude
- 37.3074655
Nearby Similar for Sale
FAQs
What type of property is this?
Lifestyle center - 117,726 SF Value-Add Opportunity
Where is this lifestyle center located?
The property is located at 2911 Hershberger Rd Roanoke, VA.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: Major Value-Add Opportunity: 117,726 SF building, 75% vacant, offering significant NOI growth potential through leasing, redevelopment, or pad site development.; Established National Tenant: Big Lots (NYSE: BIG) occupies 29,726 SF under a six-year, corporately guaranteed NNN lease.; Prominent Retail Corridor: Located in a dense retail area with adjacent national retailers and proximity to a major retail corridor along I-581, including Walmart, Target, and others.
