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1602 Grandin Rd SW
Roanoke, VA 24015
Office Property For Sale
Investment Highlights
- Prominent Grandin Road Corner
- Paved off street parking
- Priced to sell
- Commercial and residential units
- 2018 modern addition
Executive Summary
Sale price has been reduced. Professional medical or office building for sale or for lease in Raleigh Court on Grandin Road. It's the first time this building has been offered for sale in over 30 years. Well maintained property with a 2018 modern addition. Prominent corner with eight off street parking spaces.
The first floor has been occupied by a dentist but can be used for medical or general office space. The second floor has been leased as a two-bedroom residential unit with a separate entrance. The building has approximately 3, 013 square feet plus a usable basement.
The first-floor commercial space includes a spacious reception area and workstation, six treatment rooms or private offices, a handicap restroom, break area, storage and utility rooms.
There are several opportunities to accommodate one's intended use. The current owner will lease the first-floor commercial space. A purchaser can occupy the first floor and lease the second floor or occupy both floors. An investor can purchase the building and lease both floors.
Zooned CN, Commercial Neighborhood. Located at a bus stop. Within a short walk to other retail and commercial businesses in historic Grandin Village.
The first floor has been occupied by a dentist but can be used for medical or general office space. The second floor has been leased as a two-bedroom residential unit with a separate entrance. The building has approximately 3, 013 square feet plus a usable basement.
The first-floor commercial space includes a spacious reception area and workstation, six treatment rooms or private offices, a handicap restroom, break area, storage and utility rooms.
There are several opportunities to accommodate one's intended use. The current owner will lease the first-floor commercial space. A purchaser can occupy the first floor and lease the second floor or occupy both floors. An investor can purchase the building and lease both floors.
Zooned CN, Commercial Neighborhood. Located at a bus stop. Within a short walk to other retail and commercial businesses in historic Grandin Village.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,013 SF
Building Class
B
Year Built
1934
Price
$549,000
Price Per SF
$182.21
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,029 SF
Building FAR
0.41
Lot Size
0.17 AC
Zoning
CN - Commercial Neighborhood.
Parking
8 Spaces (2.66 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 1331601 | Improvements Assessment | $350,600 |
| Land Assessment | $80,700 | Total Assessment | $431,300 |
Property Taxes
Parcel Number
1331601
Land Assessment
$80,700
Improvements Assessment
$350,600
Total Assessment
$431,300
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