1639 Eastern AVE NE, Roanoke, VA 24012
$995,000
Property Type:
Commercial
Lot Size (sq. ft.):
97,139
Status:
Closed
Current Price:
$995,000
List Date:
11/09/2023
Last Modified:
12/27/2024
Overview
Description
WCP is pleased to offer for sale this triple net leased industrial property located in Roanoke, VA. The single-tenant asset is leased in its entirety to L&W Supply since 2000 with a 3% rent increases upon renewal in 2024. This offering provides a potential long-term, passive net lease opportunity at a current below-market rate with limited landlord responsibilities. The subject property consists of multiple buildings totaling just over 25,000 SF and features several warehouses, covered storage, office building and large fenced yard located on 2.2 acres.
NOI: $71,820
Options: Final 3-Year Renewal Option beginning July 1, 2024
Parent Company, ABC Supply, is North America's largest wholesale distributer of roofing supplies with over 900 locations (more)
Supplements: ... (Read more)
Listing Details MLS# 903092
Location, Tax & Legal
- Area
- 0150 - City of Roanoke - NE
- Street Number
- 1639
- Street Name
- Eastern
- Street Suffix
- AVE
- Street Direction Sfx
- NE
- State/Province
- VA
- Zip Code
- 24012
- Municipality
- City of Roanoke
- Major Area
- 01 - City of Roanoke
- Legal
- LOT 25-39 BLK 10 LILLY VIEW
- Tax ID
- 3222224
- Annual Taxes
- 8400
- Zoning Code
- I-1
General Property Description
- Construction Status
- Completed
- Year Built
- 1978
- Lot Dimensions
- 600 x 163
- Total Acreage
- 2.23
- Road Frontage
- 763
- Flood Area
- No
- On site Parking
- Yes
- Gross Building SqFt
- 25052
- Lease Available
- Yes
- Leaseable SqFt
- 25052
- Basement Y/N
- No
- Water Class
- N/A
Status Change Info
- Ratified Contract Dt
- 2024-01-18
- Sold Date
- 2024-05-01
Business Type
- Type of Business (Historical Field)
- Drywall Distribution
Lease Info
- Lease Terms
- 5 Year
- Lease Amount
- 6300
- Lease Expires
- 2024-06-30
More Information
Remarks & Misc
- Directions
- 1639 Eastern Ave. NE
Limited Service
- Not Limited Service
- Yes
Construction
- Metal Siding
- Yes
Commercial Type
- Industrial
- Yes
Sale Includes
- Building & Land
- Yes
Heating
- Natural Gas
- Yes
Cooling
- Electric
- Yes
Income & Expenses
- Gross Income
- 75600
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Manufactured Homes
- No HUD Tag
- Yes
Roof System
- Metal
- Yes
- Shingle
- Yes
Levels
- Two
- Yes
Floors
- Concrete
- Yes
Additional Features
- Additional Buildings
- Yes
- Fenced
- Yes
- Loading Docks
- Yes
- Overhead Door
- Yes
Topography
- Level
- Yes
Property Features
Limited Service:
Not Limited Service
Commercial Type:
Industrial
Sale Includes:
Building & Land
Construction:
Metal Siding
Roof System:
Metal; Shingle
Levels:
Two
Heating:
Natural Gas
Cooling:
Electric
Floors:
Concrete
Manufactured Homes:
No HUD Tag
Additional Features:
Additional Buildings; Fenced; Loading Docks; Overhead Door
Water Description:
Public
Sewer Description:
Public Sewer
Topography:
Level
Listing Office:
WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: December - 27 - 2024
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