111 Seminole Dr | Madison Heights, VA 24572
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111 Seminole Dr
Madison Heights, VA 24572
Food Lion · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Supermarket
Building Size
41,000 SF
Building Class
C
Year Built
1986
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
4.82 AC
Zoning
B-2
Parking
100 Spaces (3.31 Spaces per 1,000 SF Leased)
Frontage
191’ on Seminole Drive
About 111 SEMINOLE DR , MADISON HEIGHTS, VA 24572
The Food Lion Center is approximately 41,000 sq. ft. situated on almost 5 acres in Madison Heights, Virginia. Completed in 1986, the Center consists of two Tenants: Food Lion is occupying approximately 32,000 sq. ft. and River Church is occupying 8,640 SQ. FT. Food Lion has planned some remodeling of the store in 2018. Roof under warranty until January, 2023. Having an average Net Operating Income of approximately $218,000 over the last three years, the Center offers excellent cash flow.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $569,100 | Total Assessment | $569,100 |
Property Taxes
Parcel Numbers
Land Assessment
$569,100
Improvements Assessment
$0
Total Assessment
$569,100
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