January 8, 2008
Domino's owner cashes in on downtown
The owner of some Roanoke area Domino’s Pizza franchises has purchased a prominent downtown Roanoke site for $1.3 million.
Tom Wallace bought the former Yellow Cab property, which is a 1.2 acre parcel at 25 Williamson Road, according to Poe & Cronk Real Estate Group, the commercial firm that handled the sale.
Thom Hubard, a senior vice president with Poe & Cronk, said Wallace likely will open a Domino’s location there, along with some offices. Wallace did not return a call today for further details.
This site is adjacent to the Hotel Roanoke & Conference Center and not too far from the new Art Museum of Western Virginia, which is under construction. Likely most downtown real estate that is located near the art museum will be popular as we near the museum’s opening expected by the year’s end. Property values near the museum are expected to rise, Hubard said.
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