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    3509 Peters Creek Rd Roanoke, VA 24019

    Sponsored
    For Sale
    $159,000

    Prime Roanoke commercial land, 0.43 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.43-acre commercial land parcel, located at 3509 Peters Creek Rd NW, Roanoke, VA 24019 (APN 6421133), presents a unique development opportunity. Situated on a prime corner lot, this property boasts excellent visibility and accessibility, just off the Peters Creek interchange on Interstate 581. The lot features 100 feet of frontage on Peters Creek Road and 181 feet of frontage on Lewiston Street, with a median crossover providing easy access from both directions. The property is zoned MX and has previously been approved for a 5,000 square foot, two-story office building

    Property Features for 3509 Peters Creek Rd

    General Information

    Property type
    Land
    Lot Size
    18,731 SF

    HighLights

    • 0.43‑acre commercial land parcel at 3509 Peters Creek Rd NW, Roanoke, VA 24019 (APN 6421133).
    • Prime corner lot with excellent visibility and accessibility off I‑581's Peters Creek interchange.
    • 100' frontage on Peters Creek Road and 181' frontage on Lewiston Street, with median crossover.
    • MX zoning; previously approved for a 5,000 sq ft, two‑story office building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.996081
    Latitude
    37.322035

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    FAQs

    What type of property is this?
    Land - Prime Roanoke commercial land, 0.43 acres.
    Where is this land located?
    The property is located at 3509 Peters Creek Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: 0.43-acre commercial land parcel at 3509 Peters Creek Rd NW, Roanoke, VA 24019 (APN 6421133).; Prime corner lot with excellent visibility and accessibility off I-581's Peters Creek interchange.; 100' frontage on Peters Creek Road and 181' frontage on Lewiston Street, with median crossover.
    (540) 353-0100
    Request Owner's contact information
    3509 Peters Creek Rd Roanoke, VA 24019
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    Roanoke, VA 24019
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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
    3509 Peters Creek Rd Roanoke, VA 24019
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