Roanoke, Virginia, offers a unique opportunity for investors to tap into the city's growing economy with its 2 shopping centers for sale. As a hub for commerce and culture, Roanoke's shopping centers present a lucrative investment opportunity. These properties can represent a diverse range of investments, from retail spaces to mixed-use developments, catering to the city's 100,011 residents and the surrounding Roanoke metropolitan area's 315,251 population. Roanoke's shopping centers benefit from the city's strategic location, with easy access to major transportation hubs, including Interstate 581, U.S. Route 220, and the Roanoke–Blacksburg Regional Airport. The city's amenities, such as the iconic Roanoke Star, and outdoor recreational opportunities in the Blue Ridge Mountains, make it an attractive location for businesses and residents alike. Additionally, Roanoke is home to several major employers, including Carilion Clinic and Norfolk Southern Railway, which contribute to the city's economic growth. With its rich history, cultural attractions, and strong economy, Roanoke is an ideal location for shopping center investments.
Roanoke's shopping centers are part of a larger commercial landscape that includes restaurants, specialty properties, land, and office properties. The city's restaurants offer a diverse range of dining options, from local eateries to national chains. Specialty properties, such as the Taubman Museum of Art and the Science Museum of Western Virginia, add to the city's cultural appeal. Land investments in Roanoke provide opportunities for development, while office properties cater to the city's growing business sector. With its unique blend of history, culture, and commerce, Roanoke is an attractive location for investors seeking to diversify their portfolios. The city's shopping centers, in particular, offer a compelling investment opportunity, with an average price per square foot of $104 USD and an average size of 55,409 square feet. The largest shopping center available spans 58,118 square feet, offering ample space for retailers and businesses. With an average cap rate of 7%, Roanoke's shopping centers present a stable investment opportunity in a city poised for growth.
What is the average cap rate for shopping centers in Roanoke?
The average cap rate for shopping centers in Roanoke is 7%, making it an attractive investment opportunity for those looking to capitalize on the city's strong economy and growing population of approximately 100,000 people.
