116 3Rd Ave, Radford, VA 24141
For Lease
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This 2,036 square foot office space is located in a multi-tenant building at 116 Third Avenue in Radford, Virginia. The property, built in 1965, is classified as Class C and features a single-story design within a larger 7,392 square foot building. The suite is currently vacant and immediately available. The space is divisible to a minimum of 2,036 square feet, with a maximum contiguous space of 2,036 square feet. Conveniently located just one block from Main Street, this property enjoys a prime location near Radford University, numerous restaurants, retail shops, and other commercial offices. Ample parking is available in a city-owned public lot adjacent to the building. The property is zoned B-3. Recent improvements include new ceiling tiles and LED lighting installed throughout the suite in 2023. Prospective tenants with a minimum three-year lease agreement will receive new flooring and wall paint as part of the lease terms. The APN is 5-(12)-93A-95A. This presents a fantastic opportunity for businesses seeking a well-located, updated office space in a thriving Radford community.
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Radford - Roanoke Foot & Ankle - Dr. P F Kelly Physician
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Stephen D McCuin DDS PC Dental Office
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Stephen D McCuin , D.D.S, T.C Dental Office
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Bell Medical Services Inc Social Service Agency Charitable Organization
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Roanoke Foot & Ankle at Radford - Dr. P F Kelly Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miSimilar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.