409 N Oak St
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409 N Oak St
14,400 SF 3% Leased Retail Building Roanoke, TX 76262 $6,000,000 ($417/SF) 7% Cap Rate
Investment Highlights
- Prime Corner Commercial Space in downtown Old Town Roanoke
- 5 Suites = 13,987sf. 1 Available for Lease, Suite #210 with 1,407sqft
Executive Summary
**Private Financing Available** Prime Commercial Office Building in the heart of Old Town Roanoke. Premier property showcases sophisticated luxury & boasts over 13,987 square feet of meticulously designed space. Building presents an exceptional investment opportunity, complete with long-term leases secured & 1 suite remaining available for lease. Conveniently equipped with ample, front & rear parking for seamless building access, includes an elevator with access to the 2nd floor. Property also includes dedicated private parking lot across the street exclusively reserved for tenants & guests. Fabulously located within walking distance to shops & dining establishments, fostering a vibrant atmosphere ideal for both businesses and patrons alike. Strategically positioned, easy access to major highways Hwy 377, Hwy 170, Hwy 114, and I-35, as well as a short commute to DFW. Become part of the flourishing growth of this dynamic, business-friendly city!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,400 SF
Building Class
C
Year Built
2016
Price
$6,000,000
Price Per SF
$417
Cap Rate
7%
NOI
$420,000
Percent Leased
3%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.48 AC
Zoning
C2 - Commercial
Parking
54 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
169 FT on Oak St
Amenities
- Corner Lot
- Accent Lighting
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R633254 | Improvements Assessment | $3,056,523 |
| Land Assessment | $881,829 | Total Assessment | $3,938,352 |
PROPERTY TAXES
Parcel Number
R633254
Land Assessment
$881,829
Improvements Assessment
$3,056,523
Total Assessment
$3,938,352
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409 N Oak St
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