3424 Orange Ave Roanoke, VA 24012
- Industrial properties
- 48,084 SF
- 6.18 lot acres
Current Use by Public Records
- Iron pump fitness / Gym
- Dunkin' / Breakfast Restaurant / Donut Shop
- Los Amigos Bar and Grill / Restaurant / Bar & Grill
Property Details for 3424 Orange Ave
- Year built
- 1982
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 6.18 lot acres
- Property size
- 48,084 SF
- Zone code
- CLS
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 715-0103
- APU
- 7150103
Description
This exceptional 52,700 square foot shopping center in Roanoke, Virginia, presents a compelling investment opportunity. Located on a high-traffic corridor at 3424 Orange Ave NE, Roanoke, VA 24012, this well-maintained property boasts a strong tenant roster including national brands like Verizon, Dunkin’ Donuts, and Dollar Tree, alongside a diverse mix of local businesses such as Big Lick Comics, Los Amigos Bar & Grill, Bratcher’s Ice Cream Parlor, Bounce Roanoke, Lago Pizza, All Season Nail Salon, and Pho Vietnamese Restaurant, and several more. The property offers a 7.00% cap rate and is priced at $7,325,000 ($138.99/sq ft). A significant upgrade was recently completed with the installation of a new video security system in 2023, enhancing security and operational efficiency. The property's prime location and established tenant base provide a stable income stream and significant potential for future growth. Please note that the Wells Fargo outparcel is not included in this sale. This is an excellent opportunity to acquire a well-positioned retail center in a thriving market. Further details are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke City
- State
- Virginia
- Longitude
- -79.8933
- Latitude
- 37.3039
- CBSA code
- 40220
- CBSA name
- ROANOKE, VA METROPOLITAN STATISTICAL AREA
