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    Cloverdale Rd Roanoke, VA 24019

    Sponsored
    For Sale
    $275,000

    Prime Roanoke development land, high traffic, flat parcel.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10.65-acre commercial land parcel presents a remarkable development opportunity in Roanoke, Virginia. Located at 0 Cloverdale Road, zip code 24019, this property boasts a highly desirable location with excellent visibility due to its frontage along Highway 220. The land is characterized by its flat topography, simplifying development and minimizing site preparation costs. The asking price is $275,000, translating to a land value of $0.59 per square foot. This strategic location offers convenient access to major thoroughfares including Highway 460 and Interstate 81, providing seamless connectivity to Roanoke, Botetourt County, and Roanoke County. The high traffic count on Highway 220 ensures significant exposure for any future development, making this an ideal site for a variety of commercial ventures. The property's size and location combine to create a compelling investment opportunity with substantial potential for growth and return. This is a rare chance to acquire a sizable, well-situated parcel ready for immediate development in a thriving area.

    Property Features for 0 Cloverdale Rd

    General Information

    Property type
    Land
    Lot Size
    463,914 SF

    HighLights

    • $275,000 asking price for 10.65 acres of commercial land.
    • High traffic counts due to Hwy 220 frontage.
    • Level, 10.65‑acre parcel ideal for development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.8849885
    Latitude
    37.3564832

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    FAQs

    What type of property is this?
    Land - Prime Roanoke development land, high traffic, flat parcel.
    Where is this land located?
    The property is located at Cloverdale Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price for 10.65 acres of commercial land.; High traffic counts due to Hwy 220 frontage.; Level, 10.65-acre parcel ideal for development.
    Request Owner's contact information
    Cloverdale 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
    Cloverdale Rd Roanoke, VA 24019
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