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    1110 Main St SW Roanoke, VA 24015

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    For Sale
    $249,950

    Small retail building with tenant in Roanoke's Wasena neighborhood.

    Property size:
    1,000 SF
    Lot size:
    0.13 Acres

    Property Features for 1110 Main St SW

    General Information

    Size
    1,000 SF
    Lot size
    0.13 Acres

    Source: Hall Associates, Inc Agent Gavin Hollingsworth

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

    Overview

    Retail Investment Opportunity in Wasena

    This is a rare investment opportunity located in the Wasena area of Roanoke, on Main Street. The property is a small, versatile building featuring a mostly open floor plan. The building has less than 1,000 square feet. Currently, Buffalo Hemp Co. occupies the space as a tenant, operating under a three-year lease agreement that includes a 3% annual increase in rent.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Buffalo Hemp Company ... Natural Goods Store

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -79.9584317
    Latitude
    37.264485

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    FAQs

    What type of property is this?
    Retail space - Small retail building with tenant in Roanoke's Wasena neighborhood.
    Where is this retail space located?
    The property is located at 1110 Main St SW Roanoke, VA.
    What is the asking price?
    The asking price for this property is $249,950.
    What are key features of this property?
    This property features: - Tenant in place (Buffalo Hemp Co) with a three-year lease provides immediate income.; - Located in the desirable Wasena area on Main Street.; - Investment opportunity in the Roanoke submarket.
    (540) 982-0011
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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
    1110 Main St SW Roanoke, VA 24015
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