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Zoned Residential Development Lot
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901 Hanover Avenue Northwest, Roanoke, VA 24016

Residential lot offers RM-1 zoning for single-family, two-family, townhome, or multifamily development.

Property Size5,662 SF
Lot Size0.13 Acres
Price / SF$2.12
Days on Market166

Property Features for 901 Hanover Avenue Northwest

General Information

Standard status Active
Size 5,662 SF
Lot size 0.13 Acres
Property subtype Land / Unimproved Lot
Zoning RM-1

Taxes and HOA fees

Annual Taxes $176

Amenities

None Available
0.0
Listing Agency: REAL BROKER LLC - MCLEAN
Listed By: ASHLEY CANTY · License #0225239973
Source: Compass
Added: Mar 29 Changed: Sep 8 Last Checked: Sep 9 at 11:46AM

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 REAL BROKER LLC - MCLEAN

Investment Insights

Based on property information with market context.

This 0.13-acre residential lot is located in a convenient Roanoke area near Downtown, the interstate, and Carilion. It sits among established homes and is offered for sale as a development opportunity.

The property is zoned RM-1, which supports a range of residential uses including single-family, two-family, townhouse, or multifamily development. Suitable for buyers looking to build within an RM-1 framework, subject to local approvals and development requirements.

Key Highlights

  • 0.13‑acre residential lot in Roanoke, near Downtown, the interstate, and Carilion
  • Zoned RM‑1, allowing for single‑family, two‑family, townhouse, or multifamily development
  • Surrounded by established homes

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Dental Office Real Estate Agency Bakery Hair Salon Skin Care Clinic Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

333
Businesses Nearby

Demographics for 24016, VA

9,371
Population
5,602
Households
1.7
Avg Household Size
36
Median Age
26%
College-Educated
88%
High-School Grad
3.0 sq mi
ZIP Area
3,124
Density / Sq Mi
$43,727
Median Household Income
$35,936
Median Earnings
$972
Median Rent
$118,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Residential lot offers RM-1 zoning for single-family, two-family, townhome, or multifamily development.
Where is this residential land & home lot located?
The property is located at 901 Hanover Avenue Northwest Roanoke, VA.
What are key features of this property?
This property features: 0.13‑acre residential lot in Roanoke, near Downtown, the interstate, and Carilion; Zoned RM‑1, allowing for single‑family, two‑family, townhouse, or multifamily development; Surrounded by established homes
More about this property
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