603 Shenandoah AVE NW, Roanoke, VA 24016 (MLS# 887379)
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Paul
$855,000
603 Shenandoah AVE NW Roanoke, VA 24016 MLS# 887379
1 / 3
Property 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.
Details
Maps
General Property Description
Construction Status: Completed
Total Acreage: 0.6
Road Frontage: 200
Flood Area: No
Gross Lot SqFt: 26136
On site Parking: Yes
Basement Y/N: No
Water Class: N/A
Gross Building SqFt: 9000
Lease Available: No
Year Built: 1938
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Legal: Tax Map No. 2112816
Tax ID: 2112816
Annual Taxes: 2402.9
Zoning Code: I-1
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
Remarks & Misc
Directions: Williamson Road to Downtown, turn right on Salem Avenue, turn right on 5th street, turn left on Shenandoah.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Commercial Type
Industrial: 1
Business Type
Type of Business (Historical Field): Warehouse
Heating
Natural Gas: 1
Income & Expenses
Gross Income: 54810
Gross Expenses: 500
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Roof System
Other - See Remarks: 1
Floors
Concrete: 1
Vinyl: 1
Additional Features
Overhead Door: 1
Topography
Level: 1
Contract Information
Current Price: $855,000
Sold Price: $855,000
List Date: 2022-03-03
Status: Closed
Status Change Info
Ratified Contract Dt: 2022-04-25
Sold Date: 2022-07-22
Sold Price: $855,000
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
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