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7208-7234 Williamson Rd
Roanoke, VA 24019
North Market Village · Retail Property For Sale
Investment Highlights
- Prominent location at Williamson Road and Peters Creek Road with an estimated 19,000 VPD.
- Significant recent capital improvements, including roof warranty added in 2023.
- Approximately 246 surface parking spaces supporting tenant and customer convenience.
- Diverse tenant lineup including national brands and regional service providers.
- Positioned within a well-trafficked retail corridor serving the growing Roanoke market.
- Easy connectivity to Interstates 81 and 581 and proximity to Roanoke-Blacksburg Regional Airport.
Executive Summary
North Market Village represents an established retail investment opportunity located in the high-traffic North Roanoke corridor. This 53,570 SF neighborhood shopping center is strategically positioned at the signalized intersection of Williamson Road and Peters Creek Road, providing excellent exposure with traffic counts of approximately 19,000 VPD. Anchored by a mix of national, regional, and local tenants—including Dollar Tree, Take 5, Alejandro’s, Manpower, and Blue Eagle Credit Union—the property offers a reliable tenant mix catering to retail, service, and dining.
Recent capital improvements and a flexible configuration underscore the center’s long-term viability, while approximately 246 surface parking spaces accommodate strong customer access. The property sits adjacent to major commercial corridors, with direct access to I-81, I-581, and the Roanoke-Blacksburg Regional Airport, positioning it within one of Roanoke’s most active retail trade areas. Offered at $6,250,000, this asset benefits from a thriving trade area and consistent consumer demand, presenting a stable income stream with upside potential for buyers.
Recent capital improvements and a flexible configuration underscore the center’s long-term viability, while approximately 246 surface parking spaces accommodate strong customer access. The property sits adjacent to major commercial corridors, with direct access to I-81, I-581, and the Roanoke-Blacksburg Regional Airport, positioning it within one of Roanoke’s most active retail trade areas. Offered at $6,250,000, this asset benefits from a thriving trade area and consistent consumer demand, presenting a stable income stream with upside potential for buyers.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
53,570 SF
Building Class
B
Year Built/Renovated
1982/2005
Price
$6,250,000
Price Per SF
$116.67
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.31
Lot Size
4.00 AC
Zoning
C2
Parking
246 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
494’ on Williamson Rd
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 027.14-02-04 | Improvements Assessment | $2,214,000 |
| Land Assessment | $1,159,600 | Total Assessment | $3,373,600 |
Property Taxes
Parcel Number
027.14-02-04
Land Assessment
$1,159,600
Improvements Assessment
$2,214,000
Total Assessment
$3,373,600
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