Radford, VA, September 26th, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of a Former Applebee’s, a 6,127-square-foot property located at 33 W Main Street Radford, VA, according to Tim Stephenson, regional manager of the firm’s Philadelphia office. The asset sold for $685,000
The former Applebee’s property was sold at auction through a strategic partnership between Marcus & Millichap’s Investment Sales Advisors, Jacob Haslach and Derrick Dougherty, and the firm’s Auction Services Advisors, Adam Sklaver and Philp Kates.
“The auction process allowed us to create a competitive bidding environment that maximized exposure for the property and resulted in a quick closing timeline with a positive outcome for both buyer and seller,” said Haslach, investment sales advisor with Marcus & Millichap. “This transaction highlights the demand for well-located, value-add opportunities in the current retail market.
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
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