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    510 Mc Clanahan St SW Roanoke, VA 24001

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    For Sale
    $1,995,000

    1.0574 acres with 1,521 SF building in booming area.

    Property size:
    1,521 SF
    Lot size:
    1.06 Acres

    Property Features for 510 Mc Clanahan St SW

    General Information

    Size
    1,521 SF
    Lot size
    1.06 Acres

    Source: Cushman & Wakefield | Thalhimer - Roanoke Agent Price Gutshall

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

    Overview

    Roanoke Commercial Land Redevelopment Opportunity

    This property features 1.0574 acres of land with a 1,521 square foot building, presenting a prime redevelopment opportunity within a rapidly growing commercial area. Situated in South Roanoke, the location offers proximity to Carilion Clinic, Earth Fare, and Towers Shopping Center. The property benefits from high visibility on both McClanahan Street and Franklin Road. Zoned Commercial General, the site accommodates a variety of potential uses. The location is close to restaurants, retail establishments, and other commercial businesses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -79.9513345
    Latitude
    37.2520526

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    FAQs

    What type of property is this?
    Commercial land - 1.0574 acres with 1,521 SF building in booming area.
    Where is this commercial land located?
    The property is located at 510 Mc Clanahan St SW Roanoke, VA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in booming commercial area; - 1.0574 acres with 1,521 SF building; - High visibility on McClanahan Street and Franklin Road
    (540) 797-5435
    Request Owner's contact information
    510 Mc Clanahan St SW Roanoke, VA 24001
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    Roanoke, VA 24001
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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
    510 Mc Clanahan St SW Roanoke, VA 24001
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