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29493797
29493798

5205 Starkey Rd, Cave Spring, VA 24018

SP
VA VA 0225210868
Poe & Cronk Real Estate
Listed by Poe & Cronk Real Estate
$2,600,000
127 days on market
Updated 3 days ago

Starkey Road Business Center

Details
APN 087.15-02-07.00-0000
Property Type Industrial
Sub Type Flex, Manufacturing (+1)
Square Footage 31,044
Units 5
Occupancy 80%
Tenancy Multi
Price per SqFt $84
Year Built 1960
Year Renovated 2016
Stories 2
Lot Size (SqFt) 55,166
Zoning I2S

Industrial | 31,044 SqFt

Marketing description

Presented for sale by Stephen Pendergrass of Poe & Cronk Real Estate Group, 5205 Starkey Road is a 31,000± square foot, multi-tenant flex and industrial property offering a combination of stable in-place income and future value-add potential.

The property features a functional combination of drive-in doors and dock-high loading, supporting a wide range of industrial and service uses. Interior improvements are configured for a mix of office, flex, and warehouse space. A currently vacant section is delivered as a warm-lit shell, offering immediate flexibility for a new tenant or owner-occupant. This space may remain in shell condition or be built out for office use, with the ability to expand the available area by an additional 2,000± square feet.

Tenants include Southern Trust Home Services, occupying 14,000sf of professional office space and warehouse. Other long-term tenants occupy adjacent office and flex space, providing stable in-place income with future upside.

Situated on ±1.23 acres along Starkey Road, the property benefits from a highly desirable location with convenient access to Route 419 and Route 220. Strong surrounding demographics and excellent connectivity make this an attractive long-term hold for investors, as well as a compelling opportunity for an owner-operator seeking scale in a proven corridor.

Investment highlights

31,000 SF of office and flex space

Industrial zoning with easy accessibility

Great visibility and road frontage

Dock height delivery area

Listing Contacts

SP
VA VA 0225210868
Poe & Cronk Real Estate
Listed by Poe & Cronk Real Estate

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Additional Information

Name
Stephen Pendergrass
License
VA 0225210868
Brokerage
Poe & Cronk Real Estate Group
Brokerage Phone
(540) 982-2444
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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