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    OFF-MARKET
    Neighborhood centers

    2022 Electric Rd, Roanoke, VA 24018

    80,163 SF
    Property ID
    Property summary
    AI-generated overview

    Southwest Plaza, located at 2022 Electric Road in Roanoke, Virginia (zip code 24018), is a thriving retail strip center totaling 80,163 square feet. This Food Lion-anchored property offers a diverse range of leasing opportunities, with eight spaces currently available. Individual spaces range from a minimum of 820 square feet to a maximum contiguous space of 14,935 square feet, providing flexibility for various business needs. A significant 21,955 square feet is currently vacant, presenting a prime opportunity for expansion or new tenancy. The center benefits from excellent visibility and convenient access from Electric Road (Route 419), placing it within easy reach of substantial residential communities. Furthermore, Southwest Plaza presents a junior anchor space for lease and an outparcel opportunity for a build-to-suit project, catering to a variety of development preferences. The property is situated in Roanoke County, Virginia, and enjoys a strong trade area with desirable demographics. This location offers exceptional potential for businesses seeking high visibility and access to a robust customer base.

    Property profile
    Verified
    Property type Neighborhood centers
    Total area 80,163 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Great Clips Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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