Remodeled Mixed-Use
For Sale
$1,350,000
4040 Franklin Rd SW, Roanoke, VA 24014
Commercial Sale, Roanoke, VA
Property SizeContact for details
Lot Size0.79 Acres
Days on Market353
Property Features for 4040 Franklin Rd SW
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Directions
220S at Tanglewood to Austin's Appliance on the Left.
Subdivision
0120 - City of Roanoke - South
Standard status
Active
APN
548-0714 & 548-0707
Lot size
0.79 Acres
Taxes and HOA fees
Tax Annual Amount
9270
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1985
Flooring type
Vinyl
Listing Agency:
WAINWRIGHT & CO., REALTORS(R)
(540) 387-5800
Listed By:
ASHLEY WAINWRIGHT DONAHUE
(540) 580-3547
Added: Oct 3, 2025
Changed: Sep 13
Last Checked: Sep 20 at 7:06AM
MLS# 921564
Copyright © 2026 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use commercial property at 4040 Franklin Road SW includes office and retail space with three bathrooms. The building was fully remodeled less than 3 years ago and features vinyl flooring throughout. Public water and public sewer serve the property, which was built in 1985.
The site comprises 2 parcels totaling 0.79 acre along Franklin Road/Route 220 in Roanoke. VDOT reports daily traffic of 32,000, providing substantial exposure along an established commercial corridor. Nearby uses include medical practices, financial institutions, retail centers, and other established businesses, with Tanglewood Carilion Clinic and downtown Roanoke employers also identified in the surrounding area.
An existing appliance store business is available separately from the real estate. The property’s office and retail configuration supports continued commercial use, subject to applicable requirements.
The site comprises 2 parcels totaling 0.79 acre along Franklin Road/Route 220 in Roanoke. VDOT reports daily traffic of 32,000, providing substantial exposure along an established commercial corridor. Nearby uses include medical practices, financial institutions, retail centers, and other established businesses, with Tanglewood Carilion Clinic and downtown Roanoke employers also identified in the surrounding area.
An existing appliance store business is available separately from the real estate. The property’s office and retail configuration supports continued commercial use, subject to applicable requirements.
Key Highlights
- 2 parcels totaling 0.79 acre
- VDOT daily traffic count of 32,000
- Full remodel completed less than 3 years ago
Property Analytics
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Current Use
Lease Details
32,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 24014, VA
16,869
Population
8,508
Households
2
Avg Household Size
45
Median Age
39%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
618
Density / Sq Mi
$65,089
Median Household Income
$46,225
Median Earnings
$949
Median Rent
$260,300
Median Home Value
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Market
Vacancy Rate% for Office in Roanoke, VA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial space along a high-traffic corridor with public water and sewer service.
Where is this mixed-use property located?
The property is located at 4040 Franklin Rd SW Roanoke, VA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2 parcels totaling 0.79 acre; VDOT daily traffic count of 32,000; Full remodel completed less than 3 years ago
