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3243 Electric Rd
Roanoke, VA 24018
Building E · Office Property For Sale
Investment Highlights
- Quiet office park
- Embarrassingly good traffic counts
- Flexible offices space
- Easy access
- Extensive renovations completed in 2023
Executive Summary
Owner-occupant or investment opportunity in the best-located office park in SW County. A quiet professional setting alongside of traffic counts that would make retailers blush. The office suites are flexible and appropriate for different types of professionals and/or medical providers. Dentists, attorney offices, psychologists, and personal service tenants all benefit from being smack in the middle of this neighborhood, one of Roanoke's most demographically affluent. The property recently has undergone exterior renovations to help project the kind of professional image found mainly in much more expensive offices.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,300 SF
Building Class
C
Year Built/Renovated
1987/2023
Price
$685,000
Price Per SF
$108.73
Percent Leased
85%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,100 SF
Building FAR
0.50
Lot Size
0.29 AC
Zoning
C1 - Low-Intensity Commercial
Parking
18 Spaces (2.86 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 077.17-05-07 | Improvements Assessment | $493,100 |
| Land Assessment | $129,200 | Total Assessment | $622,300 |
Property Taxes
Parcel Number
077.17-05-07
Land Assessment
$129,200
Improvements Assessment
$493,100
Total Assessment
$622,300
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