603 Shenandoah AVE NW, Roanoke, VA 24016
$855,000
Property Type:
Commercial
Lot Size (sq. ft.):
26,136
Status:
Closed
Current Price:
$855,000
List Date:
3/03/2022
Last Modified:
9/26/2024
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.
More Information MLS# 887379
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
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.