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1121 Memorial Blvd S
Martinsville, VA 24112
Retail Property For Sale
Investment Highlights
- Property is offered at an 12.93% CAP with 13 months remaining on NNN lease. Potential lease buyout opportunity also.
- Average Daily Traffic of 8,000 Vehicles
- Excellent opportunity for a repositioning, redevelopment or a user/owner scenario.
- Some Furniture, Fixtures & Equipment may remain.
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,096 SF
Building Class
C
Year Built
1985
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.75 AC
Zoning
C-C - C-C Commercial Corridor
Parking
29 Spaces (13.84 Spaces per 1,000 SF Leased)
Frontage
125’ on South Memorial Boulevard
Amenities
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 000990213 | Improvements Assessment | $220,200 |
| Land Assessment | $38,700 | Total Assessment | $258,900 |
Property Taxes
Parcel Number
000990213
Land Assessment
$38,700
Improvements Assessment
$220,200
Total Assessment
$258,900
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