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    1001 Franklin Rd SW Roanoke, VA 24016

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    For Sale
    $1,800,000

    Size, visibility, and parking in the urban core.

    Property size:
    20,913 SF
    Lot size:
    1.53 Acres

    Property Features for 1001 Franklin Rd SW

    General Information

    Size
    20,913 SF
    Lot size
    1.53 Acres

    Source: Cushman & Wakefield | Thalhimer - Roanoke Agent Barry Ward

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

    Overview

    Historic District Adaptable Building

    Located at the corner of Franklin Road and Highland Avenue, this property offers a combination of size, visibility, and parking. The building includes a sanctuary, gathering spaces, office areas, garages, and support spaces. The 20,913 square foot property is located in the Old Southwest Historic District, an area with high demand due to its architectural character and walkable access to downtown. The district has seen successful adaptive reuse projects including religious, residential, nonprofit, and creative office conversions. The building lends itself to a variety of uses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Lotz Funeral Home ... Funeral Home

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm 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
    -79.9468565
    Latitude
    37.2645299

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    FAQs

    What type of property is this?
    Church & religious facility - Size, visibility, and parking in the urban core.
    Where is this church & religious facility located?
    The property is located at 1001 Franklin Rd SW Roanoke, VA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Located in the highly desirable Old Southwest Historic District.; - Rare combination of size, visibility, and parking in the urban core.; - Existing sanctuary, gathering spaces, offices, and garages.
    (540) 767-3000
    Request Owner's contact information
    1001 Franklin Rd SW Roanoke, VA 24016
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    Roanoke, VA 24016
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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
    1001 Franklin Rd SW Roanoke, VA 24016
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