Roanoke, VA – Poe & Cronk Real Estate Group today announced the sale of the closed Ruby Tuesday restaurant located at 3250 Electric Rd., Roanoke, VA.
The property sold for $1,800,000 after a successful due diligence period that required a special use permit from the Roanoke County Board of Supervisors. The sales price of $1,747,572 per acre sets the new market peak for land sales in the Roanoke Valley.
The sale was professionally facilitated by Stephen Pendergrass and Thom Hubard, who represented the Buyer in the transaction.
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.