Multifamily Redevelopment Opportunity in
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6520 Thirlane Rd NW, Roanoke, VA 24019
105-unit multifamily redevelopment opportunity in Roanoke County, Virginia.
Property Size43,465 SF
Lot Size3.35 Acres
Price / SF$51.77
Days on Market953
Property Features for 6520 Thirlane Rd NW
General Information
Standard status
Active
Size
43,465 SF
Class
C
Lot size
3.35 Acres
Property subtype
Multifamily
Zoning
C-2 (High Intensity Commercial)
Investment Type
Redevelopment
Building Details
Year Built
1976
Buildings
3
Stories
2
Units
105
Listing Agency:
Cushman & Wakefield Thalhimer - Roanoke, Virginia
(804) 819-9948
Listed By:
Clay Taylor · License #VA 0225202311
Source:
Crexi
Added: Jan 12, 2024
Changed: Aug 9
Last Checked: Aug 19 at 9:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield Thalhimer - Roanoke, Virginia
Investment Insights
Based on property information with market context.
Located at 6520 Thirlane Road in Roanoke County, Virginia, this property presents a multifamily redevelopment opportunity. The site, spanning 3.345 acres, currently features a former 120-key hotel with 43,465 square feet of existing improvements. These improvements are distributed across two two-story lodging buildings and an additional support building. A Special Use Permit, approved on October 28, 2025, by the Roanoke County Board of Supervisors, allows for the conversion of the property into up to 105 multifamily units, establishing a defined entitlement framework for redevelopment. The property is situated in the North Roanoke County corridor, offering direct access to I-581 and is located minutes from downtown Roanoke and major employment centers, including Carilion Clinic, Wells Fargo’s operations campus, and the Virginia Tech Carilion Innovation Corridor. The Roanoke market has demonstrated demand for adaptive reuse projects, as seen in recent hotel-to-multifamily conversions such as View at Blue Ridge Commons (338 units) and Heights at Gateway Park (88 units), indicating growth in the region’s rental housing market.
Key Highlights
- Approved Special Use Permit allows conversion to up to 105 multifamily units.
- Located in North Roanoke County with direct access to I‑581.
- Minutes from downtown Roanoke and major employment centers.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
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Business Placement
Demographics for 24019, VA
27,630
Population
12,373
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
94%
High-School Grad
30.2 sq mi
ZIP Area
915
Density / Sq Mi
$75,329
Median Household Income
$46,626
Median Earnings
$1,207
Median Rent
$237,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 105-unit multifamily redevelopment opportunity in Roanoke County, Virginia.
Where is this apartment building located?
The property is located at 6520 Thirlane Rd NW Roanoke, VA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Approved Special Use Permit allows conversion to up to 105 multifamily units.; Located in North Roanoke County with direct access to I‑581.; Minutes from downtown Roanoke and major employment centers.
