Former Applebee’s | 45K VPD Traffic Count

Description:

RI Marketplace Online Auction August 11-13, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2621/former-applebee-s-45k-vpd-traffic-count?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_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.


Brian Hosey
Marcus & Millichap
VA License: 0225247494

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