3419 Orange Ave Roanoke, VA 24012
- Industrial properties
- 39,498 SF
- 4.61 lot acres
Current Use by Public Records
- Matrix Nails / Nail Salon
Property Details for 3419 Orange Ave
- Year built
- 1983
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.61 lot acres
- Property size
- 39,498 SF
- Zone code
- CLS
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 710-0712
- APU
- 7100712
Description
This exceptional 41,117-square-foot freestanding retail building presents a unique opportunity in Roanoke, Virginia. Located at 3419 Orange Ave NE, zip code 24012, in Roanoke County, this single-tenant property boasts a highly visible location within a major commercial area. The building's substantial size offers significant flexibility for a variety of retail uses. Currently vacant, this space is ready for immediate occupancy. Its prime location along Orange Avenue ensures high traffic volume and excellent visibility, making it an ideal site for a business seeking strong exposure. The property's size and configuration provide ample space for a large-scale retail operation or the potential for subdivision into smaller units (subject to local regulations and approvals). The strong co-tenancy in the surrounding area further enhances the property's appeal and potential for success. This is a rare chance to acquire a substantial, well-positioned retail space in a thriving commercial corridor. The property is classified as Commercial, Freestanding, and is ready for a new tenant to establish a significant presence in the Roanoke market. Detailed site plans and specifications are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $11,420,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,835,000
- 6.5%
- $8,540,000
- 7%
- $8,655,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,775,000
- Geo Method
- $8,960,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,350,000
- Retail
- $9,430,000
- Mixed-Use
- $7,345,000
- Hospitality
- $8,620,000
- Educational
- $9,665,000
- Residential Income
- $8,995,000
- Energy
- $7,935,000
- Income-Based Land
- $8,970,000
- Food Service
- $8,190,000
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke City
- State
- Virginia
- Longitude
- -79.892
- Latitude
- 37.3008
- CBSA code
- 40220
- CBSA name
- ROANOKE, VA METROPOLITAN STATISTICAL AREA
