2203 Franklin Rd Roanoke, VA 24014
- Retail properties
- 31,073 SF
- 3.00 lot acres
Current Use by Public Records
- Earth Fare / Health Food Store / Supermarket
- Radio Communications / Radio Broadcaster
- Ivy Market Shopping Center / Shopping Mall
- Rivian Charging Station / Electric Vehicle Charging Station
Property Details for 2203 Franklin Rd
- Lot size
- 3.00 lot acres
- Property size
- 31,073 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional 31,073 square foot retail center in Roanoke, Virginia, presents a compelling investment opportunity. Located at 2203 Franklin Rd SW, Roanoke, VA 24014, this property boasts a prime location with high visibility and accessibility. The center features three tenants: Earth Fare, First Watch, and Taziki's, occupying the entire 3-acre lot (APN: 1150106). The property benefits from excellent traffic counts, with frontage on Franklin Road SW (18,000 vehicles per day) and access from Wonju Street (16,100 vehicles per day) and Hwy 220 (66,400 vehicles per day). Five points of ingress/egress and a traffic signal at the main entrance ensure convenient access for customers. The anchor tenant, Earth Fare, has a lease extending through 2030 with four five-year renewal options, providing long-term stability and predictable income. The property's strategic location is further enhanced by its proximity to a high-traffic medical facility, Carilion Clinic Orthopedic Surgery, which occupies a neighboring 227,291 square foot building and sees over 500 patients daily. A high-performing Mellow Mushroom restaurant is located on an adjacent outparcel. This well-positioned, fully occupied retail center offers a strong investment opportunity with significant long-term potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke
- State
- Virginia
- Longitude
- -79.9536
- Latitude
- 37.2519
