Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    674 Teresa Ln Roanoke, VA 24019

    For Sale
    $945,000

    Turnkey Italian Restaurant, High Sales

    Property size:
    1,836 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional 1,836 square foot restaurant, built in 2022, is situated on a desirable 0.77-acre corner lot in Roanoke, VA. Boasting a prime location with high traffic counts in a rapidly developing area, this fully equipped establishment is ready for immediate operation. The current owner, with a strong local reputation, is willing to negotiate the continued use of the established restaurant name under specific conditions. The property features 94 approved indoor seats, plus additional outdoor patio seating, ensuring ample capacity. Two ADA-compliant bathrooms cater to all patrons. Infrastructure includes public water, sewer, natural gas, and high-speed internet access, along with a robust 400A 3-phase electrical system. Climate control is handled by three gas HVAC units (two 5-ton and one 4-ton), all with central air conditioning. The kitchen is fully equipped with a 16-foot hood, captive air system, tankless gas water heater, a 6'x8' walk-in cooler, grease trap, and water softener. Parking is readily available with 23 on-site spaces supplemented by on-street parking. Detailed equipment lists and comprehensive sales data are available to qualified buyers under a confidentiality agreement. A virtual tour is also available for prospective purchasers. This is a truly turnkey opportunity for a discerning buyer looking to capitalize on a thriving business in a vibrant location.

    Property Features for 674 Teresa Ln

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,836 SF
    Lot Size
    33,541 SF

    Building Details

    Year Built
    2022
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lil’ Cucci’s Pizzeria Pizza Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Other
    State
    Virginia
    Longitude
    -79.88638
    Latitude
    37.35267

    Nearby Similar for Sale

    • $2,875,000
      0.20 Acres

      Historic Horton Building For Sale

      Landmark Roanoke building blending early-20th-century craftsmanship and modern functionality.
      302 1St St SW, Roanoke, VA 24011
      View Details
    • $2,875,000
      0.20 Acres

      Historic Horton Building in Roanoke

      Landmark building blending early-20th-century craftsmanship with modern functionality.
      302 1St St SW, Roanoke, VA 24011
      View Details
    • $650,000
      0.30 Acres

      Roanoke Office/Retail Building For Sale

      Office building with subdivision potential and ample parking.
      356 Campbell Ave SW, Roanoke, VA 24016
      View Details
    • $2,100,000
      0.05 Acres

      Updated Building with High-End Finishes

      Extensively updated building with high-end finishes, great views, move-in ready.
      109 Campbell Ave SW, Roanoke, VA 24011
      View Details
    • $1,350,000
      1.00 Acre

      Franklin Road Office/Retail Opportunity

      Prime commercial land on Franklin Road with high traffic volume.
      4040 Franklin Rd SW, Roanoke, VA 24014
      View Details
    • $875,000
      0.05 Acres

      Downtown Roanoke Investment Opportunity

      Two-unit building in vibrant downtown Roanoke with retail and residential.
      22 Campbell Ave SE, Roanoke, VA 24011
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Italian Restaurant, High Sales
    Where is this commercial real estate located?
    The property is located at 674 Teresa Ln Roanoke, VA.
    What is the asking price?
    The asking price for this property is $945,000.
    (434) 485-8900
    Request Owner's contact information
    674 Teresa Ln Roanoke, VA 24019
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    674 Teresa Ln
    Roanoke, VA 24019
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    674 Teresa Ln Roanoke, VA 24019
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.