2047 Electric Rd Roanoke, VA 24018
- Retail properties
- 47,172 SF
Current Use by Public Records
- Retail properties
Property Details for 2047 Electric Rd
- Year built
- 1969
- Property size
- 47,172 SF
- Property type
- Retail properties
Description
Oak Grove Plaza, located at 2047 Electric Rd, Cave Spring, VA 24018, offers a prime retail opportunity in Roanoke County's SW Roanoke County submarket. This single-story, Class C building, constructed in 1969, totals 47,172 square feet and features 200 parking spaces. Currently, 5,000 square feet of contiguous space is available, with a minimum divisible space of 4,720 square feet. The property boasts a highly visible location on Electric Rd, a busy retail corridor with a strong daytime population, and benefits from a signalized intersection at Grandin Rd Ext. The site provides excellent accessibility with four points of ingress/egress. Electric Rd experiences a traffic count of 26,000 vehicles daily. This presents a unique chance to establish or expand a retail presence in a well-established commercial area. The property is situated in Roanoke, Virginia, and is easily accessible to the surrounding community. The building offers a single-story layout for convenient access and operation.
Value Estimations
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AI approach
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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
- -80.0323
- Latitude
- 37.2458