33 Main St Radford, VA 24141

This 6,127 sq ft vacant Applebee's restaurant building in Radford, VA, is available for redevelopment. Located on a 1.95-acre lot at 33 W Main St, it boasts 212 feet of frontage on a high-traffic road (approx. 118,635 vehicles per day) and is situated in a thriving retail corridor near CVS, Walmart, Lowe's, and other major retailers. The property benefits from its proximity to Radford University (5 minutes away), serving over 11,000 students, and is across the street from Radford High & Intermediate Schools. The building, constructed in 2000, features a single story and approximately 98 surface parking spaces. The current lease with Applebee's expires January 31, 2027, with a net operating income (NOI) of $113,135 annually (fully NNN). The property is zoned B2 (General Business), allowing for a variety of commercial uses. The area demonstrates strong population growth (4.28% from 2020-2024, with 7.18% projected growth through 2029), and a 5-mile radius boasts approximately 24,747 people with an average household income of $66,224. This redevelopment opportunity offers significant value enhancement potential, with a starting bid of $300,000. The property offers excellent visibility and accessibility, making it an ideal location for a variety of commercial ventures. The auction will be held November 18-20, 2024.