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Market Square East 3422-3424 Orange Ave NE 52,700 SF 89% Leased Retail Building Roanoke, VA 24012 $10,013,642 CAD ($190.01 CAD/SF) 7% Cap Rate
Investment Highlights
- Approximately 52,700 sq. ft. retail center
- High-traffic corridor
- 3 national tenants in the center as well as many in close proximity
- Well maintained
- New video security system installed in 2023
- Wells Fargo outparcel not included in sale
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
52,700 SF
Building Class
B
Year Built/Renovated
1982/2007
Price
$10,013,642 CAD
Price Per SF
$190.01 CAD
Cap Rate
7%
NOI
$700,955 CAD
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.20
Lot Size
6.00 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
120 Spaces (2.28 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 3424-B
- 6,000 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 3424-B | 6,000 SF | Retail | In-Line | Now |
3424-B
| Size |
| 6,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Nearby Major Retailers
Property Taxes
| Parcel Number | 7150103 | Improvements Assessment | $5,857,166 CAD |
| Land Assessment | $1,254,882 CAD | Total Assessment | $7,112,048 CAD |
Property Taxes
Parcel Number
7150103
Land Assessment
$1,254,882 CAD
Improvements Assessment
$5,857,166 CAD
Total Assessment
$7,112,048 CAD
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Market Square East | 3422-3424 Orange Ave NE
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