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4335 Pheasant Ridge Rd
Roanoke, VA 24014
Shoppes at Pheasant Ridge · Retail Property For Sale
Investment Highlights
- 13,650 SF building
- Zoned CG: Commercial General
- 100% Leased
- Constructed 1997
- Prime Roanoke location
Executive Summary
Shoppes at Pheasant Ridge is a 13,650-square-foot, two-tenant retail center situated on 1.4 acres at 4335 Pheasant Ridge Road in Roanoke.? Built in 1997 and zoned CG: Commercial General, the property is 100% leased to two established, long-term tenants.? Located just off Franklin Road/US 220 at Pheasant Ridge Road, the center serves the Tanglewood/Route 419 retail corridor, the established South Roanoke and Hunting Hills neighborhoods, and the broader South Roanoke County trade area with an estimated daily traffic count of 31,500 vehicles per day.?
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,650 SF
Building Class
B
Year Built
1997
Price
$2,700,000
Price Per SF
$197.80
Cap Rate
7.70%
NOI
$207,845
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.40 AC
Zoning
CG - Commercial General
Parking
46 Spaces (3.37 Spaces per 1,000 SF Leased)
Frontage
193’ on Franklin Rd
Property Taxes
| Parcel Number | 5470126 | Improvements Assessment | $896,000 |
| Land Assessment | $798,100 | Total Assessment | $1,694,100 |
Property Taxes
Parcel Number
5470126
Land Assessment
$798,100
Improvements Assessment
$896,000
Total Assessment
$1,694,100
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