1626 Orange AVE NW, Roanoke, VA 24017 (MLS# 914242)

$1,992,950

1626 Orange AVE NW
Roanoke, VA 24017
MLS# 914242
1 baths

1 / 2

Property Description
Incredible Commercial Investment opportunity!! Land and building for sale only with a NNN Lease, current tenant is Family Dollar Store, and at the time of the listing there are about 7 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: $1,992,950

List Price: $1,992,950

List Date: 2025-02-10

Status: Active

General Property Description

Construction Status: Completed

Year Built: 2016

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

Basement Y/N: No

Total Bths: 1

Water Class: N/A

Location Legal Taxes

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

Municipality: City of Roanoke

Business Type

Type of Business (Historical Field): Retail

Lease Info

Lease Terms: NNN

Lease Amount: 127525

Lease Expires: 2031-06-30

Income Expenses

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; Retail

Sale Includes: Building; Building & Land

Construction: Metal Siding

Heating: Electric

Cooling: Electric

Manufactured Homes: No HUD Tag

Additional Features: Other - See Remarks

Water Description: Public

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: October - 15 - 2025

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