Roanoke, VA – Poe & Cronk Real Estate Group announced the sale of 121 Campbell Ave, located in the heart of Downtown Roanoke, VA.
Newly renovated, 121 Campbell Ave is a mixed-use multi-tenant building that offers unique retail space combined with large two-bedroom rental units. Roanoke’s broad Downtown Zoning designation allows the new owner several different revenue streams, including commercial uses and short-term and long-term residential rentals. The property sold for $825,000 ($121.87psf) with a CAP rate of 7.37%.
Bryan Musselwhite, CCIM & Stephen Pendergrass at Poe & Cronk Real Estate Group marketed the property and professionally structured the deal on behalf of the seller.
About Poe & Cronk
Poe & Cronk is a locally owned and internationally recognized leading full-service commercial real estate company. The firm is comprised of a team of real estate professionals with more than 300 combined years of experience and more than $1B in real estate transaction knowledge in selling, leasing, and managing commercial, industrial, and investment real estate. In business for more than 30 years, Poe & Cronk provides commercial and investment real estate services throughout western Virginia.