506 1st St SW Roanoke, VA 24011
New
- Added:
- Apr 22, 2026
- Days on Market:
- 2
- Last Refresh:
- Apr 23 at 12:06 pm
Property Features for 506 1st St SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 101-2702
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Description
- LOT 2 & S PT 3 BLK 2 O S SEC SW 2
- Tax Annual Amount
- 1034
Building Details
- Year built
- 1930
Listing agent JAMES L WOLTZ (540) 342-3560
Listing office WOLTZ & ASSOCIATES 23 FRANKLIN ROAD, Roanoke, VA (540) 342-3560
Listing date Apr 22, 2026
MLS# 926792
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.
Overview
Downtown Roanoke Parking Lot Auction
Located in downtown Roanoke, this parking lot will be offered at auction on June 16th, 2026. The property features 16 parking spaces, all currently under month-to-month private leases for $60 per space per month, providing immediate income. Situated directly across from Sidecar, Martin's Downtown Bar & Grill, and Jaybird Tavern, the lot benefits from consistent daily and nightlife traffic. The property occupies a 0.13-acre lot and has been a vacant lot since 1930, according to plat surveys. This property presents an opportunity for investors seeking an income-producing asset or business owners needing dedicated parking in a high-traffic area.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar Places Nearby
- Rent-N-Ride — 501 Marshall Ave SW # C, Roanoke, VA 24016
- U-Haul Neighborhood Dealer — 837 Campbell Ave SE, Roanoke, VA 24013
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Salem
- State
- Virginia
- Longitude
- -79.942121
- Latitude
- 37.269647
Nearby Similar for Sale
FAQs
What type of property is this?
Parking lot & garage - Prime downtown parking lot with immediate income potential.
Where is this parking lot & garage located?
The property is located at 506 1st St SW Roanoke, VA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Prime downtown Roanoke location with high traffic from nearby bars and restaurants.; Immediate income potential from 16 parking spaces currently leased month‑to‑month at $60 per space.; Opportunity to control parking in a market with limited supply and growing demand.
