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434 Church Ave SW

Category:  For Sale

Address

434 Church Ave SW
Roanoke, VA 24016

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Details

INVESTMENT HIGHLIGHTS

  • Historical Building
  • Completely Renovated Kitchen
  • High Ceilings

EXECUTIVE SUMMARY

Roanoke Column Stage is a prime investment opportunity. It is a turn-key historic building converted from Use Group - Community Hall (approx. 200 max occupancy) to Use Group - Night Club (427 occupancy) per Roanoke City in 2018. It is a state-of-the-art live music and restaurant venue. It is also operationally ready to begin business immediately. The property has been substantially upgraded to meet all codes (ADA, Sprinkler, Fire, Safety, Electrical, etc.) and provides an excellent platform for a combination live music/restaurant venture according to a new owner‘s vision. The property is equipped with new, professional sound/light, furniture, and kitchen appliances, including new hoods. The property’s current name, logo, signage, and website design may be kept if desired; the name and logo were chosen to match the building’s stature and structure, as well as the prominent new stage. Currently, the property is being leased and will be leased through 11/30/2021.
The proposed sale would be a cash sale with the buyer obtaining financing from an appropriate financing institution. The seller would agree with a 1031 exchange transaction if proposed.

PROPERTY FACTS

  • Sale Type: Owner User
  • Property Type: Retail
  • Property Subtype: Freestanding
  • Building Size: 7,633 SF
  • Building Class: C
  • Year Built: 1919/2018
  • Price: $625,000
  • Zoning: D, H2
  • Parking: 10 Spaces
  • Frontage: 58 FT on Church Ave
  • Opportunity Zone: Yes
  • Price Per SF: $82
  • Percent Leased: Vacant
  • Tenancy: Multiple
  • Building Height: 3 Stories
  • Building FAR: 1.03
  • Land Acres: 0.17 AC

AMENITIES

  • Corner Lot
  • Security System
  • Signage
  • Signalized Intersection

 

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