Description

Incredibly visible commercial location directly across the avenue from the successful and ever-expanding Towers Shopping Center in Roanoke! This free-standing, easily accessible restaurant or retail building is situated on tidy Brandon Avenue and is on display for the thousands of daily shoppers entering and exiting the neighboring plaza.

Towers Shopping Center Area Statistics:

                                       3 miles          5 miles          10 miles

Population                     68,480          139,542          223,238
Daytime Population      58,910          105,066          145,880
Avg. Household Income $53,932       $57,333          $62,499

Within Roanoke’s Tertiary Retail Trade Area, extending from past Blacksburg to Lexington to Smith Mountain Lake (and including this property), there was a population of 532,348 in 2010, with a projection of 544,264 for the year 2015. Retail sales for this trade area were $5.5 billion in 2010.

This location has easy access to Downtown Roanoke, as well as the city’s major routes and highways. Brandon Avenue connects directly with Franklin Road to the east, which to the north brings travellers through the residential outskirts of the city and then directly into the downtown area. Interstate 581 / US Route 220 is accessible less than a mile south, and is the busiest highway in the area with an annual average daily traffic count of 71,000 vehicles. Valley Metro has bus transit routes (55 and 61) that run throughout the day, with stops right at Towers Shopping Center.

Daily traffic counts along Brandon Avenue reach 21,000 on an average day, and even more during peak shopping times.

Towers Shopping Center is one of the best neighbors this location could have, considering the added exposure the nearly 300,000 square foot shopping center provides for surrounding businesses. The area’s success is exemplified by the current tenants’ expansions, as well as the new businesses that are filtering in on a regular basis. For example, anchor tenant The Fresh Market expanded by approximately 28,000 square feet after less than two years at the site, and Planet Fitness has planned their own expansion as well. As of summer 2011, the newest tenants to join the shopping center are Med Beat (an urgent care center), Chipotle Mexican Grill, and sweetFrog Yogurt, with more expected to announce their move to the plaza in the following months. One-of-a-kind stores and establishments are also popular here, with Present Thyme, a local high-fashion home store, Wild Flour Café, A Little Bit Hippy, Ram’s Head Books, and Orange Dog all enjoying the success that this location provides.

The Mill Mountain Zoo is an exciting attraction just a few miles east of this spot on Brandon Avenue. The zoo is situated atop Mill Mountain and was first opened in 1951. Since 1990, almost $800,000 has been spent in renovations and expansions and the zoo is very proud of their resident tigers, Red Wolves, Snow Leopards, and numerous other species, including the recent birth announcement of a baby red panda.

Property Features and Highlights:

• Single-story commercial building, currently a restaurant with dining and storage areas, coat closet and public restrooms, walk-in cooler, manager’s office, take-out order area, and service counter
• Excellent location on busy Brandon Avenue, directly across the road from highly popular and expanding Towers Shopping Center
• .376 acre lot, or 16,396 square feet
• 2,565 square feet gross building area
• Adequate parking in paved parking lot
• Wooden post and beam construction, metal roof
• Curbs, gutters, adequate drainage, and pole sign with lights
• Electric heating and cooling system
• Zoned CG – General Commercial
• Interior and exterior of building is well-maintained
• Close proximity to residential neighborhoods, large-scale retail shopping options, and major route Interstate 581 / US 220

Examples of possible uses for this building include:

• Continuing its present function as a dine-in/take-out fast food restaurant and coffee shop
• Health center, dentist or doctor’s office
• Retail – clothing, shoes / accessories, or sporting goods store
• Hardware, outdoor equipment supply
• Small grocery/natural or ethnic food store
• Flower shop or garden center

Roanoke’s Redevelopment and Housing Authority (RRHA) has done much for the area’s economic development since its inception in July 1949 and plays a significant role in the area’s commercial and residential growth and redevelopment. Some examples of their recent projects include:

• South Jefferson Area: Carefully-planned development along Jefferson Street and Reserve Avenue has potential for creating a 76-acre, 1.25 million square feet technology park. The Riverside Centre for Research and Technology will create approximately 2,500 jobs.



• The Riverwalk Parking Deck: 1,000-car, five-level parking garage to serve the Carilion Roanoke Memorial Hospital and the Carilion Biomedical Institute, as well as other facilities in the Riverside Centre for Research and Technology.



• The RRHA has acquired an additonal 30 acres of land in the Reserve Avenue/I-581/Franklin Road/Jefferson Street area, and plans to add to the vitality of downtown.


The traffic is always flowing here on Brandon Avenue. Call now, before your competitors take this opportunity for themselves!