111 Seminole Drive, Madison Heights, VA

Retail for Sale - $2,500,000 - 41,000 Sq. Ft. on 4.82 acres


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Agent Info

NameRICHARD READ
CompanyColdwell Banker Commercial Read & Co.

Property Info

CIMLS #977502
Location111 Seminole Drive
Madison Heights VA 24572
Last UpdatedJune 15th, 2018
TypeRetail
Price$2,500,000
Building41,000 Sq. Ft.
Land4.82 acres
DemographicsView data

Contact


Property Description

The Food Lion Center is approximately 41,000 sq. ft. situated on almost 5 acres in Madison Heights, Virginia. Completed in 1986, the Center consists of two Tenants: Food Lion is occupying approximately 32,000 sq. ft. and River Church is occupying 8,640 SQ. FT. Food Lion has planned some remodeling of the store in 2018. Roof under warranty until January, 2023. Having an average Net Operating Income of approximately $218,000 over the last three years, the Center offers excellent cash flow.


Location