Listed by Cushman & Wakefield Thalhimer - Roanoke, Virginia
$6,250,000
North Market Village - Shopping Center for Sale
Details
Property Type Retail
Sub Type QSR/Fast Food, Shopping Center
Square Footage 53,570
Occupancy 77%
Tenancy Multi
Lease Type NNN
Remaining Term 3
Year Built 1982
Year Renovated 2005
Buildings 1
Stories 1
Acreage 4.050
Zoning C2S - High Intensity Commercial with Special Use
Parking Spaces 246 spaces
Parking Per SqFt 4.59
Investment Type Stabilized
Ground Lease No
Sale Condition For sale by owner
Retail | 53,570 SqFt
Marketing description
North Market Village is a prime 53,570 square foot neighborhood shopping center in North Roanoke (Roanoke County), featuring high visibility at a 19,000 VPD intersection on Williamson Rd at Peters Creek Rd. The center is anchored by a mix of strong national, regional, and local tenants.
This center provides an excellent opportunity for investors with interest in a proven retail trade area in the Roanoke region, while also offering upside to buyers.
Investment highlights
- Cushman & Wakefield |Thalhimer is pleased to present the exclusive offering of North Market, available for purchase at an asking price of $6,250,000. Please contact the brokerage team for additional information and to executive a Confidentiality Agreement to access detailed due diligence materials.
- Prime Retail Location | 53,730 SF neighborhood retail center strategically located in North Roanoke, just off Peters Creek Road, and surrounded by an established mix of national and local retailers, restaurants, and professional service providers. The property benefits from strong visibility and accessibility within a well-trafficked commercial corridor.
- Recent Capital Improvements | Originally constructed in 1982 and comprehensively renovated in 2021, the property offers modernized building systems and an updated aesthetic, providing a compelling blend of traditional retail functionality and contemporary design.
- Flexible Mixed-Use Configuration | The building's adaptable layout supports a variety of retail, service, and office uses enhancing long-term leasing flexibility and positioning the asset to respond to evolving tenant demand.
- Established Retail Corridor| Located along the Peters Cree Road and Williamson Road commercial corridors, the property is situated within one of Roanoke's most active retail submarkets, benefiting from consistent traffic counts and a dense surrounding consumer base.
- Ample On-Site Parking | The property supported by approximately 246 parking spaces, providing convenient access for tenants, customer, and visitors and supporting a wide range of retail and service-oriented uses.
- Regional Connectivity and Retail Synergy | North Markets is positioned within a major retail node in North Roanoke, offering convenient connectivity to the broader Roanoke Valley and proximity to established retail anchors and neighborhood-serving businesses.
Listing Contacts
Listed by Cushman & Wakefield Thalhimer - Roanoke, Virginia
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