603 Shenandoah AVE NW, Roanoke, VA 24016
$855,000
Property Type:
Commercial
Lot Size (sq. ft.):
26,136
Status:
Closed
Current Price:
$855,000
List Date:
3/03/2022
Last Modified:
9/26/2024
Overview
Description
Great Investment Opportunity. Same tenant since 2013. Current lease expires 2026 with two 3-yr options. Triple Net Lease. 9,000+/- SF masonry warehouse building. One drive-in door. Zoned I-1. 200 feet of frontage, 130 foot depth. Located within the Enterprise Zone. Close to Downtown Roanoke. 5.27 percent cap rate.
Listing Details MLS# 887379
Location, Tax & Legal
- Area
- 0140 - City of Roanoke - NW
- Street Number
- 603
- Street Name
- Shenandoah
- Street Suffix
- AVE
- Street Direction Sfx
- NW
- State/Province
- VA
- Zip Code
- 24016
- Municipality
- City of Roanoke
- Major Area
- 01 - City of Roanoke
- Legal
- Tax Map No. 2112816
- Tax ID
- 2112816
- Annual Taxes
- 2402.9
- Zoning Code
- I-1
General Property Description
- Construction Status
- Completed
- Year Built
- 1938
- Total Acreage
- 0.6
- Road Frontage
- 200
- Flood Area
- No
- Gross Lot SqFt
- 26136
- On site Parking
- Yes
- Gross Building SqFt
- 9000
- Lease Available
- No
- Basement Y/N
- No
- Water Class
- N/A
Status Change Info
- Ratified Contract Dt
- 2022-04-25
- Sold Date
- 2022-07-22
Business Type
- Type of Business (Historical Field)
- Warehouse
Remarks & Misc
- Directions
- Williamson Road to Downtown, turn right on Salem Avenue, turn right on 5th street, turn left on Shenandoah.
More Information
Limited Service
- Not Limited Service
- Yes
Construction
- Brick
- Yes
Commercial Type
- Industrial
- Yes
Heating
- Natural Gas
- Yes
Income & Expenses
- Gross Income
- 54810
- Gross Expenses
- 500
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Manufactured Homes
- No HUD Tag
- Yes
Roof System
- Other - See Remarks
- Yes
Floors
- Concrete
- Yes
- Vinyl
- Yes
Additional Features
- Overhead Door
- Yes
Topography
- Level
- Yes
Property Features
Limited Service:
Not Limited Service
Commercial Type:
Industrial
Construction:
Brick
Roof System:
Other - See Remarks
Heating:
Natural Gas
Floors:
Concrete; Vinyl
Manufactured Homes:
No HUD Tag
Additional Features:
Overhead Door
Water Description:
Public
Sewer Description:
Public Sewer
Topography:
Level
Listing Office:
MKB, REALTORS®
Last Updated: September - 26 - 2024
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.
