• Food Lion Center - 111 Seminole Dr, Madison Heights, VA 24572

For Sale

Retail

For Sale

This property is available for sale
4.82
Acres
$2,500,000
Sale Price
  • Total Building Size
    41,000 RSF
  • Overview

    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.

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Property Details

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.

  • Property Type
    Retail
  • Sale Price
    $2,500,000
  • Total Building Size
    41,000RSF
  • Total Acres
    4.82
  • Zoning
    B-2 General Commercial
  • Property ID
    2003806

Landlord's Sales Representatives

  • Ricky Read Jr
    Coldwell Banker Commercial Read & Co.
     
  • Richard Read
    Coldwell Banker Commercial Read & Co.