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    434 Church Ave SW Roanoke, VA 24013

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    For Sale
    $625,000

    Historic building, state-of-the-art live music and restaurant venue.

    Property size:
    7,633 SF
    Lot size:
    0.18 Acres

    Property Features for 434 Church Ave SW

    General Information

    Size
    7,633 SF
    Lot size
    0.18 Acres

    Source: Poe & Cronk Real Estate Group Agent Darrell Morris

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

    Overview

    Turn-Key Historic Music Venue

    The Roanoke column stage presents a prime investment opportunity. This turn-key historic building, originally a community hall with an approximate maximum occupancy of 200, was converted to a night club with a 427 occupancy in 2018. It functions as a state-of-the-art live music and restaurant venue, operationally ready to begin business immediately. The property has been substantially upgraded to meet all codes, including ADA, sprinkler, fire, safety, and electrical standards. It provides an excellent platform for a combination live music and restaurant venture. The property is equipped with new, professional sound and light systems, furniture, and kitchen appliances, including new hoods. The current name, logo, signage, and website design may be kept. The property is currently being leased and will be leased through 11/30/2021. The property features high ceilings and a completely renovated kitchen. The proposed sale would be a cash sale, with the buyer obtaining financing from an appropriate financing institution. The seller would agree to a 1031 exchange transaction if proposed. The property size is 7633 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tajzmahs Lounge Lounge

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.9499474
    Latitude
    37.2701628

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    FAQs

    What type of property is this?
    Turn key restaurant - Historic building, state-of-the-art live music and restaurant venue.
    Where is this turn key restaurant located?
    The property is located at 434 Church Ave SW Roanoke, VA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Turn-key, state-of-the-art live music and restaurant venue, operationally ready to begin business immediately.; - Historic building with a high occupancy (427) night club permit.; - Substantially upgraded to meet all codes (ADA, sprinkler, fire, safety, electrical, etc.).
    (540) 982-2444
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    434 Church Ave SW Roanoke, VA 24013
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    Roanoke, VA 24013
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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
    434 Church Ave SW Roanoke, VA 24013
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