1626 Orange AVE NW, Roanoke, VA 24017 (MLS# 901585)


$2,100,000
1626 Orange AVE NW
Roanoke, VA 24017
MLS# 901585
1 baths


1626 Orange AVE NW, Roanoke, VA 24017
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1626 Orange AVE NW, Roanoke, VA 24017 1626 Orange AVE NW, Roanoke, VA 24017

Property Description
Commercial Investment opportunity for sale. Current tenant is Family Dollar Store. Land and building for sale only with a NNN Lease and at the time of the listing there are 8 years remaining on the current lease. Lease terms extend automatically with 5 year increments. Rent increases 10% on June 1, 2026. Great opportunity for serious investors.

Details
Maps
Contract Information
Current Price: $2,100,000
List Price: $2,100,000
List Date: 2023-09-12
Status: Active
General Property Description
Construction Status: Completed
Year Built: 2016
Type of Business: Retail
Total Acreage: 0.92
Road Frontage: 302
Flood Area: No
On site Parking: Yes
Parking Spaces: 33
Parking SqFt: 5090
Gross Building SqFt: 3276
Retail SqFt: 3276
Lease Available: No
Nbr of Stories: 1
Basement Y/N: No
Total Bths: 1
Water Class: N/A
Location, Legal & Taxes
Major Area: 01 - City of Roanoke
Area: 0140 - City of Roanoke - NW
Street Number: 1626
Street Name: Orange
Street Suffix: AVE
Street Direction Sfx: NW
State/Province: VA
Zip Code: 24017
Legal: SCLR Realty LLC Family Dollar Store #31518
Municipality: City of Roanoke
Tax ID: 222-1601
Annual Taxes: 9751
Zoning Code: CN
Remarks & Misc
Directions: From 10th St, west on Orange Ave to property on Left.
Lease Info
Lease Terms: NNN
Lease Amount: 127525
Lease Expires: 2031-06-30
Income & Expenses
Gross Income: 127525
Net Operating Income: 127525
Miscellaneous Info
Equipment Pass: No
Inventory Included: No
Electric Description: 3 Phase
Amps: 400
Property Features
Limited Service: Not Limited Service
Commercial Type: Investment
Sale Includes: Building & Land
Construction: Metal
Heating: Electric
Cooling: Electric
Manufactured Homes: No HUD Tag
Water Description: Public Water
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Documents Available: Topo/Aerial Map
Topography: Level

Listing Office: MAC WESTLAND REAL ESTATE GROUP

Last Updated: April - 04 - 2024


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