Log In/Sign Up
Your email has been sent.
2911-2935 Hershberger Rd NW
Roanoke, VA 24017
Roanoke Plaza | 117,726 SF Retail Opportunity · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Major Value-Add Opportunity - Subject Property is 75% vacant, priced on a per square foot basis, and represents an opportunity to increase NOI
- Roanoke Plaza is situated amid a major retail pocket and is directly adjacent to national retailers
- Located at a major interstate interchange with easy access to I-581 and Hershberger Road with combined traffic counts over 84,000 VPD
- Big Lots has occupied 29,726 s/f at this site since 2002, renewed their lease several times and currently has six years remaining
- There are more than 141,000 residents within 5 miles of the Property and population density is projected to grow in both the 3- and 5-mile radius
EXECUTIVE SUMMARY
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 117,726 square foot Property located in Roanoke, Virginia. Big Lots has occupied 29,726 s/f at this site since 2002, renewed their lease several times and currently has six years remaining on a corporately guaranteed NN lease. Big Lots is a publicly traded company (NYSE: BIG) with 1,425 locations nationwide and 2023 revenue of $4.83B. The Subject Property is currently 75% vacant, is priced on a per square foot basis, and represents a rare opportunity to substantially increases the NOI by leasing the existing 88,000 SF of space, redeveloping the property entirely and/or potentially adding additional tenants on pad sites within the parking field.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
117,726 SF
Building Class
C
Year Built
1976
Price
$6,995,000
Price Per SF
$59.42
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
10.99 AC
Zoning
CLS
Parking
650 Spaces (5.52 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 645-0104 | Improvements Assessment | $1,769,100 |
| Land Assessment | $2,101,400 | Total Assessment | $3,870,500 |
PROPERTY TAXES
Parcel Number
645-0104
Land Assessment
$2,101,400
Improvements Assessment
$1,769,100
Total Assessment
$3,870,500
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
