Property summary
Keagy Village, located at 5010 Keagy Rd SW in Cave Spring, Virginia (zip code 24018), offers a unique opportunity for retail businesses seeking a prominent location in Roanoke County. This Class C retail property boasts a total of 50,000 square feet, with the entire space currently vacant and available for lease. The property is situated on a high-traffic retail corridor, Electric Road (Route 419), experiencing 26,000 vehicles per day, ensuring high visibility and accessibility for potential customers. The flexible space allows for tenants requiring anywhere from 800 square feet to the entire 50,000 square feet. A prominent end-cap space with outdoor seating is available, ideal for restaurants or businesses requiring high visibility. An anchor pad is also available for a large-scale tenant. The location benefits from strong household incomes within 1, 3, and 5 miles, and is in close proximity to major employers and daytime traffic generators, including the regional Lewis Gale Medical Center. Potential exists for monument or directional signage to further enhance visibility and brand recognition. This is an exceptional opportunity to establish a strong retail presence in a thriving area of Roanoke County. The property is a single-tenant space.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Gym & Fitness Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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