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Vacant-User

Auction -Former Applebee’s | 45K VPD Traffic Count

33 W Main St, Radford, VA 24141

Starting Bid: $150,000

Rentable SF
6,127
Lot Size
1.95 acres
Year Built
2000
Auction Type
Reserve
Auction Start Date
Aug 11, 2025
Auction End Date
Aug 13, 2025

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2621/

Marcus & Millichap is pleased to present the fee simple interest in a former Applebee’s restaurant building located at 33 W Main Street in Radford, Virginia (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount.

Built in 2000, the Property is improved with a one-story, free-standing, single tenant restaurant totaling ±6,127 square feet, and offers ±98 surface parking spaces. The Property is strategically positioned on a huge parcel totaling ±1.95 acres of land and can be accessed via several points of ingress/egress. The Property is adjacent to CVS near the signalized intersection of W Main Street and Lee Highway.

Radford, Virginia, located in the New River Valley, is a city known for its proximity to Radford University and major transportation routes like Interstate 81, making it a regional hub for both education and commercial activity. Radford University, the region’s largest employer, is just 5 minutes from the Property and serves over 11,000 students, fueling demand for housing, retail, and service-oriented businesses. The Property offers 212 feet of prime frontage/visibility along the north side of the heavily trafficked W Main Street with traffic counts ±18,635 vehicles per day. The Property is in a dense retail corridor with nearby retailers including CVS, Walmart, Lowe’s, Kroger, Chipotle, Starbucks, Sonic, Food Lion, Food City, Cookout, and many others. The Property is positioned in a dense area with ±24,747 people within a 5-mi radius and an average household income of $66,224. The population has experienced 4.28% growth from 2020-2024 with 7.18% growth expected to continue through 2029.

Investment Highlights

  • STARTING BID $150,000 | Former Applebee's | 45K VPD Traffic Count | AUCTION AUGUST 11-13, 2025
  • Freestanding Former Applebee's Restaurant on Large 1.95 Acre Lot
  • Prime Retail Corridor including CVS, Walmart, Lowe's, Kroger, Chipotle, Starbucks, Sonic, Food Lion, Food City, Cookout, and more
  • ±18,635 VPD Traffic Count on W Main St and ±26,579 VPD Traffic County on Lee Hwy
  • Shared Access with Co-Tenant CVS | Five Minutes from Radford University | Across Street from Radford High & Intermediate Schools
  • Zoning B2, General Business and Suitable for a Variety of General Commercial Uses & Activities
  • ±4.28% Population Growth from 2020-2024 and ±7.18% Future Growth Anticipated (5-mile radius)
  • Attractive Demographics with 5-Mile Population of ±24,747 and Annual Household Income of ±$66,224

Exclusively Listed By

Auction Advisors

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Vacant-User

Auction -Former Applebee’s | 45K VPD Traffic Count

Starting Bid: $150,000

Rentable SF
6,127
Lot Size
1.95 acres
Year Built
2000
Auction Type
Reserve
Auction Start Date
Aug 11, 2025
Auction End Date
Aug 13, 2025

Investment Highlights

  • STARTING BID $150,000 | Former Applebee's | 45K VPD Traffic Count | AUCTION AUGUST 11-13, 2025
  • Freestanding Former Applebee's Restaurant on Large 1.95 Acre Lot
  • Prime Retail Corridor including CVS, Walmart, Lowe's, Kroger, Chipotle, Starbucks, Sonic, Food Lion, Food City, Cookout, and more
  • ±18,635 VPD Traffic Count on W Main St and ±26,579 VPD Traffic County on Lee Hwy
  • Shared Access with Co-Tenant CVS | Five Minutes from Radford University | Across Street from Radford High & Intermediate Schools
  • Zoning B2, General Business and Suitable for a Variety of General Commercial Uses & Activities
  • ±4.28% Population Growth from 2020-2024 and ±7.18% Future Growth Anticipated (5-mile radius)
  • Attractive Demographics with 5-Mile Population of ±24,747 and Annual Household Income of ±$66,224

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2621/ Marcus & Millichap is pleased to present the fee simple interest in a former Applebee’s restaurant building located at 33 W Main Street in Radford, Virginia (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. Built in 2000, the Property is improved with a one-story, free-standing, single tenant restaurant totaling ±6,127 square feet, and offers ±98 surface parking spaces. The Property is strategically positioned on a huge parcel totaling ±1.95 acres of land and can be accessed via several points of ingress/egress. The Property is adjacent to CVS near the signalized intersection of W Main Street and Lee Highway. Radford, Virginia, located in the New River Valley, is a city known for its proximity to Radford University and major transportation routes like Interstate 81, making it a regional hub for both education and commercial activity. Radford University, the region’s largest employer, is just 5 minutes from the Property and serves over 11,000 students, fueling demand for housing, retail, and service-oriented businesses. The Property offers 212 feet of prime frontage/visibility along the north side of the heavily trafficked W Main Street with traffic counts ±18,635 vehicles per day. The Property is in a dense retail corridor with nearby retailers including CVS, Walmart, Lowe’s, Kroger, Chipotle, Starbucks, Sonic, Food Lion, Food City, Cookout, and many others. The Property is positioned in a dense area with ±24,747 people within a 5-mi radius and an average household income of $66,224. The population has experienced 4.28% growth from 2020-2024 with 7.18% growth expected to continue through 2029.

Exclusively Listed By

Auction Advisors

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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