Commercial Real Estate

Family Dollar Anchored Central Plaza Shopping Center - Ideal Investment Property with Excellent Redevelopment Opportunities

700 Memorial Boulevard
Martinsville, VA 24112
For more information contact Jim Barnett, CCIM
   Sale Price: $2,500,000

Central-Plaza.jpg Family Dollar anchored shopping center on 7 acres. Excellent development opportunity. At signalized 5-way Intersection of Memorial Boulevard, Church Street & Fayette Street. Central location of Martinsville/Henry County at gateway to Uptown Martinsville. Easy accessibility to Highways 58 and 57 at Highly Visible Location with 22,000 AADT. Within 45 minutes of Roanoke and Danville, VA as well as Piedmont Triad Region of NC. 33,657 existing s.f. 650 feet fronting US-220 Business. Currently 258 parking spaces. New roofs over most units. Other tenant in the shopping center include an Hispanic Grocery Store which leases at $850 per month. There is a 1800 sf building separate from the shopping center which is currently leased at $750 plus $75 CAM per month. There is ample space both between the strip mall and the stand alone space and on the out-parcels fronting US-220 Business that would lend itself to ground lease or build-to-suit opportunities.
Property Type: investment, land, office, retail, special purpose
Property Status: available
Additional Info
PDF description sheet (suitable for print) PDF description sheet (suitable for print)
 Central-Plaza-Full-Package.pdf
Information current as of May 1, 2008

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