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    OFF-MARKET
    Retail properties & Spaces

    2047 Electric Rd, Roanoke, VA 24018

    47,172 SF Built 1969
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1969
    Total area 47,172 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
    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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