6711 Williamson RD, Roanoke, VA 24019
6711 Williamson RD, Roanoke, VA 24019
6711 Williamson RD, Roanoke, VA 24019
6711 Williamson RD, Roanoke, VA 24019
6711 Williamson RD, Roanoke, VA 24019
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Robert Lindamood

Robert Lindamood

+1(540) 300-5508
Listed by CODY ALLEN MCCRAW IVY REALTY LLC
$ 535,000
Est. payment | /mo
Save
$ 535,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 929530

HOA Y/N No

Year Built 1975

Annual Tax Amount $4,329

Acres 0.48

Lot Dimensions 98x209

Property Sub-Type Commercial

Source Roanoke Valley Association of REALTORS®

Property Description

Multi-tenant retail office/retail building with a historically high occupancy rate. The building is currently 68% leased to an insurance office, a dentist office, a hair salon, and a retail store. The seller currently occupies one of the tenant spaces (32%) as a law office. The existing leases are below market averages so there is an opportunity for an investor to create additional value through rental increases. NOI based on existing rents for leased spaces and market rent for owner-occupied space is estimated at $55,964, indicating a 10.5% CAP; however, NOI based on market rents at stabilization is $75,467, indicating a 14.1% CAP. The site is improved with a paved parking lot containing 23 parking spaces and a pylon sign.

Location

State VA

County Roanoke County

Area 0.48

Zoning C2

Direction N on Williamson Rd, Property on R

Interior

Heating Gas Heat, Heat Pump

Cooling Heat Pump

Flooring Carpet, Vinyl

Fireplace No

Exterior

Parking Features On Site

Roof Type Shingle

Topography Level

Garage No

Building

Story One

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 027.18-04-02.00-0000

MLS of Roanoke Valley, Inc. (RVAR) - IDX

Nearby Locations

Robert Lindamood

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(540) 300-5508

robertlindamoodrealtor@gmail.com

937 Old Court Lane , Roanoke, VIRGINIA, 24015, Roanoke, Virginia, 24015, USA

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6711 Williamson RD