3090 Electric Rd Roanoke, VA 24018-3531
This exceptional Class A medical office complex, located at 3090 Electric Road in Cave Spring, Virginia, presents a unique investment opportunity. The property consists of two newly constructed (2020) buildings totaling 16,000 square feet, situated on a 7.1-acre lot. Currently, 6,960 square feet of space is available for lease, with a minimum divisible space of 4,000 square feet and a maximum contiguous space of 16,000 square feet. The buildings boast a brick exterior, high-end finishes, and incorporate virus control technology. Ample parking is provided with over 75 spaces, and prominent digital monument signage ensures excellent visibility. The buildings are delivered in shell condition, allowing for complete customization to meet tenant specifications. The property benefits from a highly desirable location in Southwest Roanoke County, offering convenient access to the Electric Road/419 corridor, less than a quarter-mile west of Cave Spring Corner. Easy access and egress from Route 419 are key advantages. The zoning is CIC, and the property features one elevator. This property is ideal for medical professionals seeking a modern, well-equipped, and highly visible location in a thriving business center. Landlord incentives and a substantial tenant improvement allowance are available for qualified long-term tenants. The APN is 076.16-01-39.03-0000
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Dr. Linda G. Till, DDS Dental Office
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Liro Ramirez, Realtor Real Estate Agency
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Erik Olson, Realtor Real Estate Agency
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Berkshire Hathaway HomeServices Premier, REALTORS Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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