603 Shenandoah AVE NW, Roanoke, VA 24016 (MLS# 887379)

$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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