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1101 Brookdale St
Martinsville, VA 24112

Spruce Street Station · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Supermarket
Building Size
48,052 SF
Building Class
B
Year Built/Renovated
1988/2018
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
8.31 AC
Zoning
C-1 - General Commercial
Parking
236 Spaces (4.91 Spaces per 1,000 SF Leased)

About 1101 Brookdale St , Martinsville, VA 24112

INVESTMENT: Well Established Strip Mall, totaling 48,169 SF located on 8.307 AC Parking Lot. Cap Rate 8.18% 95.08% Occupancy Tenants include Food Lion, ShunXing Restaurant, Assail Driving Academy, Superior Tax Services and Piedmont Regional Community Services. Located in Druid Hills area one mile from Historic Uptown Martinsville, which is easy access to the New College Institute, The National Business College, Martinsville City Hall, The Memorial Hospital of Martinsville / Henry County, Virginia Museum of Natural History, Piedmont Arts and a variety of professional services including medical, banking, and attorneys. Within 3 miles of the Smith River Sports Complex, a great facility for year round training and diverse sports opportunities, which brings additional revenues to support local businesses and boosts economic growth in the region. Within 7 miles of the entrance of NASCAR's Martinsville Speedway which seats up to 60,000 race fans that travel from up to 100s of miles away to visit the racetrack and patronize areas lodging and recreational facilities. Within a half hour drive to Danville Regional Airport in Danville, VA and Blue Ridge Regional Airport in Spencer, VA. Within an hour drive to Roanoke Regional Airport in Roanoke, VA and Piedmont Triad International Airport in Greensboro, NC.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
000838600
Land Assessment
$484,900
Improvements Assessment
$3,718,300
Total Assessment
$4,203,200
  • Listing ID: 3789203

  • Date on Market: 9/24/2016

  • Last Updated:

  • Address: 1101 Brookdale St, Martinsville, VA 24112

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