Income-Producing & For Sale / Retail / Office

Commercial Property on Route 419 Corridor

4102 Electric Road, Roanoke, VA 24018

$1,000,000
2,676 SF 0.20 acres 5.2% Cap
2,676
Square Feet
0.20 acres
Lot Size
Retail / Office
Property Type

Financial Summary

5.2%
Cap Rate
$52,000
NOI (Annual)
$58,800
Gross Revenue
$4,900
Monthly Rent
100%
Occupancy
$374
Price / SF

All financial figures are estimates based on current market data and are not guaranteed. Contact us for verified financials.

About This Property

Well-located commercial property along the highly trafficked Route 419 corridor in the desirable Cave Spring area.

Strong visibility, easy access, and on-site parking make it well-suited for retail, medical, or office use. Pavement and other features were recently upgraded, improving accessibility and curb appeal. Currently leased to a financial services tenant. Surrounded by established businesses with consistent traffic and strong market demand, this is an attractive opportunity for investors and owner-users alike.

Location

Cave Spring area along the Route 419 corridor, one of Roanoke's busiest commercial strips with over 37,000 vehicles per day

Nearby

Tanglewood MallLewis-Gale Medical CenterCave Spring CornersValley View Mall

Investment Perspective

Currently leased to a stable financial services tenant with consistent revenue. The Route 419 corridor sees 37,000 vehicles per day, providing built-in foot traffic and visibility for any retail or office use. Recent pavement and site upgrades reduce near-term capital expenditure needs.

Property Highlights

High-traffic Route 419 corridor (37,000 vehicles/day)
2,732 SF building on 0.21-acre lot
Recently upgraded pavement and site features
Currently leased to financial services tenant
Monument sign with strong road visibility
On-site parking
Desirable Cave Spring area
$1,000,000

4102 Electric Road, Roanoke, VA 24018

5.2% Cap Rate
$52,000 NOI

Asset Details

Status
Income-Producing & For Sale
Type
Retail / Office
Building
2,676 SF
Lot
0.20 acres
Category
Commercial
Monthly Rent
$4,900
Occupancy
100%

Figures are estimates only.

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