1626 Orange Ave NW - Storefront FOR SALE


Roanoke, VA 24017
$1,992,950 USD
540-312-9202
1626 Orange Ave NW, Roanoke, VA for Sale
$1,992,950 USD
Storefront - FOR SALE
1/2
null | 6.4% Cap Rate

1626 Orange Ave NW
Roanoke, VA 24017


HIGHLIGHTS

  • Heavy vehicle traffic
  • Bus Line
  • Plenty of parking

OVERVIEW

Prime investment opportunity with a NNN lease and 8 years remaining at the time of this listing. Rent increases 10% on June 1, 2026 to $140,277.60. Lease rent increase in 2026 already built into the current agreement for years 11-15. This property is in a high traffic location with many other local businesses, on the public transportation bus line, easily accessible, and with ample parking. Term of the lease will automatically extend one period at a time for 6 consecutive 5 year periods.

FOR SALE DETAILS

PRICE

$1,992,950 USD

PRICE/SF

$312 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

CN

APN/PARCEL ID

2221601

ASK ABOUT THIS PROPERTY

Mac WestlandMac Westland Real Estate GroupMore Info
540-312-9202

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Mac WestlandMac Westland Real Estate GroupMore Info
540-312-9202

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.