40 Main St Boones Mill, VA 24065
This exceptional 9,750 square foot commercial building, situated on 0.33 acres in Boones Mill, VA, presents a unique investment opportunity. Built in 1925 and extensively renovated in 2022, this Class A property boasts a single-tenant layout with 5,000 square feet currently vacant. The building features a 14-foot ceiling height, 35 total parking spaces, and is conveniently located on Main Street, near the intersection of Boone Street, with high visibility due to its proximity to Route 220. The property's zoning allows for commercial or residential use, offering flexibility for a variety of businesses or adaptive reuse. The building includes a central air conditioning and heating system, and offers various sized spaces for lease, including a large retail space (approximately 5,000 sq ft), multiple office spaces ranging from small to large, and even a former drive-through. Amenities include a kitchen, two bathrooms, a utility room, and storage space. The property's location in the City of Roanoke submarket, near Rocky Mount, ensures high traffic volume and excellent accessibility. Property taxes are $0.50 per square foot. The building's former use as a BB&T bank adds to its unique character and potential. This is an ideal opportunity for a business seeking a prominent location with ample space and parking. The property is available for lease or purchase.
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BB&T Insurance Services Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
NZ · Boones Mill, VABoones Mill. Always verify with local authorities before improvements.
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.