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    1911 Memorial Ave SW Roanoke, VA 24015

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    For Sale
    $424,950

    Commercial property in Roanoke's Grandin Village, heavy traffic area.

    Property size:
    2,900 SF
    Lot size:
    0.15 Acres

    Property Features for 1911 Memorial Ave SW

    General Information

    Size
    2,900 SF
    Lot size
    0.15 Acres

    Source: Hall Associates, Inc Agent Gavin Hollingsworth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grandin Village Retail Opportunity

    Located in the Grandin Road Commercial Historic District, this commercial property at 1911 Memorial Ave SW, Roanoke, offers an investment opportunity in Grandin Village. Constructed in 1925, the property features approximately 2,900 square feet of space. The location benefits from heavy foot and vehicle traffic. Positioned slightly above Memorial Avenue SW, the property has visibility. It is located adjacent to Virginia Heights Elementary School and various retail and restaurant businesses in Grandin Village, providing a mix of commercial and residential activity. Private parking is available in the back, along with off-street parking.
    Insight Report Location Intelligence

    Current Use by Public Records

    Gretchen Coleman Commissioning ... Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.9755348
    Latitude
    37.2660448

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    FAQs

    What type of property is this?
    Storefront property - Commercial property in Roanoke's Grandin Village, heavy traffic area.
    Where is this storefront property located?
    The property is located at 1911 Memorial Ave SW Roanoke, VA.
    What is the asking price?
    The asking price for this property is $424,950.
    What are key features of this property?
    This property features: - Prominent location in the heart of Grandin Village with high foot and vehicle traffic.; - Located in the Grandin Road Commercial Historic District.; - Approximately 2,900 sq ft commercial property.
    (540) 982-0011
    Request Owner's contact information
    1911 Memorial Ave SW Roanoke, VA 24015
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    Roanoke, VA 24015
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    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
    1911 Memorial Ave SW Roanoke, VA 24015
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