1602 Grandin Rd SW - Medical FOR SALE


Roanoke, VA 24015- Raleigh Court
$585,000 USD
540-857-5858
1602 Grandin Rd SW, Roanoke, VA for Sale
$585,000 USD
Medical - FOR SALE
1/29
null | Request Cap Rate

Sep '25


1602 Grandin Rd SW
Roanoke, VA 24015
Raleigh Court


HIGHLIGHTS

  • Prominent Grandin Road Corner
  • Commercial and residential units
  • Paved off street parking
  • 2018 modern addition
  • Priced to sell

OVERVIEW

Professional medical or office building for sale or for lease in Raleigh Court on Grandin Road. It's the first time this building has been offered for sale in over 30 years. Well maintained property with a 2018 modern addition. Prominent corner with eight off street parking spaces. The first floor has been occupied by a dentist but can be used for medical or general office space. The second floor has been leased as a two-bedroom residential unit with a separate entrance. The building has approximately 3, 013 square feet plus a usable basement. The first-floor commercial space includes a spacious reception area and workstation, six treatment rooms or private offices, a handicap restroom, break area, storage and utility rooms. There are several opportunities to accommodate one's intended use. The current owner will lease the first-floor commercial space. A purchaser can occupy the first floor and lease the second floor or occupy both floors. An investor can purchase the building and lease both floors. Zooned CN, Commercial Neighborhood. Located at a bus stop. Within a short walk to other retail and commercial businesses in historic Grandin Village.

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$54 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1934

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,246 SF

ZONING

CN

APN/PARCEL ID

1331601

ASK ABOUT THIS PROPERTY

Thomas Turner, CCIM, SIORHall Associates, Inc.More Info
540-857-5858

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Thomas Turner, CCIM, SIORHall Associates, Inc.More Info
540-857-5858

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