Income Producing Industrial Warehouse

$ 300,000

Property Details: 

Listing Price: $300,000

Year Built: 1957

Property Type: Commercial/Industrial 

Building Size: 9,270 SqFt 

Lot Size: 0.34 Acres 

Property Description: 

This property features a generous 0.34-acre lot with I-1 zoning, ideal for a variety of commercial uses. It offers ample parking space, with around 5 standard parking spots and street parking available. The building, established in 1957, encompasses a total area of 9,270 square feet with ceilings ranging from 8 to 10 feet. Currently rented to FinishMaster, the monthly rent amounts to $3,791.00, equating to an annual rent of $45,492.00 ($4.90 per square foot). The lease, a triple net lease, is scheduled to end in 2026.

Property Location: 

Prime location with easy access to I-581, US-460 W, and Downtown Roanoke.

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