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Market Square East 3422-3424 Orange Ave NE 52,700 SF 100% Leased Retail Building Roanoke, VA 24012 $7,325,000 ($138.99/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Approximately 52,700 sq. ft. retail center
- High-traffic corridor
- 3 national tenants in the center as well as many in close proximity
- Well maintained
- New video security system installed in 2023
- Wells Fargo outparcel not included in sale
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
52,700 SF
Building Class
B
Year Built/Renovated
1982/2007
Price
$7,325,000
Price Per SF
$138.99
Cap Rate
7%
NOI
$512,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.20
Lot Size
6.00 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
120 Spaces (2.28 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 3424-B
- 6,000 SF
- Retail
- In-Line
- Mar 2026
| Space | Size | Space Use | Position | Available |
| 3424-B | 6,000 SF | Retail | In-Line | Mar 2026 |
3424-B
| Size |
| 6,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Mar 2026 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7150103 | Improvements Assessment | $4,282,900 |
| Land Assessment | $917,600 | Total Assessment | $5,200,500 |
PROPERTY TAXES
Parcel Number
7150103
Land Assessment
$917,600
Improvements Assessment
$4,282,900
Total Assessment
$5,200,500
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Market Square East | 3422-3424 Orange Ave NE
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