3214 Electric RdCave Spring, VA 24018

  • Other commercial real estate
  • 19,200 SF
For Lease
$15/SF/YR View listing

Property Details for 3214 Electric Rd

Year built
1985
Lot size
1.16 AC
Property size (Sq ft)
19,200 SF
Property type
Other commercial real estate
APN
077.13-05-43.03-0000
APU
77130543030000

Description

Springwood Park, located at 3214 Electric Rd in Cave Spring, VA 24018, offers a diverse range of commercial spaces ideal for businesses of all sizes. This 19,200 square foot property, built in 1985 and situated on a 1.16-acre lot, is zoned C2C - General Commercial. The property features a variety of options, from executive office suites with a minimum divisible space of 168 square feet, to larger contiguous spaces up to 1,200 square feet, perfect for street-level retail. Currently, 3,368 square feet of space is available. The building enjoys a prime location at the intersection of Electric Road and Brambleton Avenue, providing excellent visibility and accessibility. Its long-standing presence in the Southwest Roanoke County submarket makes it a well-established and recognizable address. The property's APN is 540-982-2444, and Roanoke County is the governing jurisdiction. This versatile property is well-suited for a variety of commercial uses, offering a unique opportunity to establish or expand your business in a thriving location. The property's multiple tenancy allows for flexibility in lease terms and space configurations.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,411,093
    Hospitality
    $2,208,548
    Educational
    $1,837,486
    Medical
    $1,900,680
    Retail
    $2,858,312
3214 Electric Rd, Cave Spring, Virginia
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Location Insight

City
Roanoke
County
Roanoke
State
Virginia
Latitude
37.2301
Longitude
-80.0073
CBSA code
40220
CBSA name
ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$19,584
$585,700
$1,297,400
$1,883,100
-
$585,700
$1,297,400
$1,883,100

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