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Property profile & analytics
FOR LEASE
Commercial real estate

2707 Greensboro Rd Martinsville, VA 24112

1.38 ac lot Built 2008
Entity Owned 1-yr Hold Free & Clear
Property ID
US87-1385000
Property summary
AI-generated overview

This exceptional 13,569-square-foot former Walgreens retail space presents a prime opportunity for lease in Martinsville, Virginia. Located at 2707 Greensboro Road, this single-tenant building sits on a 1.38-acre lot at a hard-corner, signalized intersection with excellent visibility. The property boasts a convenient drive-thru, multiple entrances, and ample parking with 65 surface spaces. Benefiting from a B1 zoning classification, this freestanding building is ideal for a variety of retail uses and offers significant repurposing or redevelopment potential. The strategic location at the intersection of Greensboro Road (US Route 220) and Rives Road provides exceptional access to high traffic counts, with 12,000 vehicles daily on Greensboro Road and 6,000 on Rives Road. Built in 2008, the Class B building features one story and is served by Appalachian Power. The property's strong demographics further enhance its appeal, with a 5-mile radius encompassing a population of 29,470 and an average household income of $58,205 (2023 data). The property's APN is 229950001. This is a rare opportunity to acquire a well-positioned retail space in a thriving market.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2008
Lot 1.38 ac (60,156 SF)
Zoning code B1
APN 229950001
UPID US87-1385000
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
Current use
Occupant on record · Public records
  • Walgreens Photo (Bike/Boat/Book/etc) Store
  • Donna S. Roberson, RPH Pharmacy
  • Bitcoin Depot | BDCheckout Atm
  • COVID-19 Drive-Thru Testing at Walgreens Pharmacy
  • Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$900k
Owner & transaction history
Texas Ls Investments LLC · 1 yrs held
Texas Ls Investments LLC
since 2024
Last sale
$900,000
2 recorded transactions
2024
$900,000
2011
$5.5M
Zoning & alternative use
B1 · Martinsville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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