1092 By Pass Rd - Retail FOR SALE


Vinton, VA 24179
$4,000,000 USD
434-841-0812
1092 By Pass Rd, Vinton, VA for Sale
$4,000,000 USD
Retail - FOR SALE
1/11
null | Request Cap Rate

1092 By Pass Rd
Vinton, VA 24179


HIGHLIGHTS

  • Highlly visible center with signage opportunities facing Bypass Road
  • Close proximity to other retailers with high traffic and visibility

OVERVIEW

This highly visible retail center is anchored by Big Lots, drawing customers from a broad demographic range. Situated on a prominent corner lot, the property offers two ingress/egress access points and excellent signage opportunities facing Bypass Road, as well as signage on the front of the building. A planned $16 million improvement by VDOT at Bypass Road and Hardy Road will further enhance accessibility and visibility. The site features 346 surface parking spaces, equating to a generous 677 spaces per 1,000 SF. Lease rates are competitively set at $14.00/SF for spaces under 4,000 SF and $11.00/SF for spaces over 4,500 SF.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Park

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

346

LAND DETAILS

CROSS STREETS

Rte. 24 & Washington Ave.

LAND ACRES

14 AC

LAND SF

609,840 SF

ZONING

commercial

APN/PARCEL ID

061.13-04-13.02-0000

ASK ABOUT THIS PROPERTY

Wyatt PoatsCushman & Wakefield | ThalhimerMore Info
434-841-0812

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Wyatt PoatsCushman & Wakefield | ThalhimerMore Info
434-841-0812

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.