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501 E Main St
Radford, VA 24141
Retail Property For Sale
Investment Highlights
- Located on high-traffic East Main Street with excellent visibility and access.
- Flexible B-3 zoning allowing for a wide range of commercial and retail uses.
- Opportunity for redevelopment or adaptive reuse to meet modern tenant or owner-operational needs.
- Positioned less than a mile from Radford University, serving a strong student population base.
- Features 77 feet of Main Street frontage with two curb cuts for ease of ingress and egress.
Executive Summary
501 E Main Street offers a 3,800 square-foot freestanding retail building located in the heart of Radford, Virginia. Situated on a quarter-acre lot along high-traffic East Main Street, the property enjoys 77 feet of frontage and dual curb cuts, maximizing visibility and ease of access. Zoned B-3 for General Business, the site accommodates large-scale retail, service, and commercial uses, providing significant flexibility for buyers. Its proximity to Radford University, with an enrollment of nearly 7,800 students, enhances opportunities for retail, restaurant, or service-driven uses.
The property, built in 1940, is currently set up with 1,800 square feet at the front and an additional 2,000 square feet at the rear, offering options for multiple configurations or a full redevelopment. Its central location on Main Street allows owners to leverage both local and university traffic. With its redevelopment potential and strategic positioning, 501 E Main Street represents an attractive long-term investment for developers, business owners, or investors targeting the dynamic Radford market.
The property, built in 1940, is currently set up with 1,800 square feet at the front and an additional 2,000 square feet at the rear, offering options for multiple configurations or a full redevelopment. Its central location on Main Street allows owners to leverage both local and university traffic. With its redevelopment potential and strategic positioning, 501 E Main Street represents an attractive long-term investment for developers, business owners, or investors targeting the dynamic Radford market.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,800 SF
Building Class
C
Year Built
1940
Price
$270,000
Price Per SF
$71.05
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
B-3 - General Business for high traffic, large scale commercial, retail and service uses
Frontage
77’ on East Main Street
Property Taxes
| Parcel Number | 3-4-SEC-B-26-27-28 | Improvements Assessment | $115,000 |
| Land Assessment | $67,500 | Total Assessment | $182,500 |
Property Taxes
Parcel Number
3-4-SEC-B-26-27-28
Land Assessment
$67,500
Improvements Assessment
$115,000
Total Assessment
$182,500
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