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    5436 Franklin Rd Roanoke, VA 24014

    Sponsored
    For Sale
    $595,000

    1.2-Acre C-2 Zoned Lot, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.2-acre commercial development site in Roanoke County, Virginia, presents a prime opportunity for investors and developers. Located at 5436 Franklin Road, this property boasts 290 feet of road frontage, providing excellent visibility and accessibility. The C-2 zoning allows for a variety of commercial uses, making it ideal for a range of retail or commercial ventures. The site's strategic location near a newly constructed Walmart ensures high traffic volume and strong consumer presence. The property includes a 1,500 square foot, 1.5-story brick home, offering potential for immediate income generation or future redevelopment. The home is connected to public water, and sewer lines are conveniently located nearby. This well-situated lot offers significant potential for substantial return on investment, given its size, zoning, and prime location along a busy thoroughfare in a thriving commercial area. The asking price is $595,000. The property's address is 5436 Franklin Rd, Roanoke, VA 24014. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing market.

    Property Features for 5436 Franklin Rd

    General Information

    Property type
    Land
    Lot Size
    52,272 SF

    HighLights

    • 1.2‑acre commercial development site in Roanoke County, VA, at 5436 Franklin Road.
    • 290 feet of road frontage provides excellent visibility and accessibility.
    • C‑2 zoning allows for various commercial uses.
    • High traffic volume due to proximity to a new Walmart.
    • Includes a 1,500 sq ft, 1.5‑story brick home, offering potential income or redevelopment.
    • Public water; sewer lines nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Wholesale Shop Pharmacy Auto Repair Shop Skin Care Clinic Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.944999
    Latitude
    37.2006492

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    FAQs

    What type of property is this?
    Land - 1.2-Acre C-2 Zoned Lot, High Visibility
    Where is this land located?
    The property is located at 5436 Franklin Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 1.2-acre commercial development site in Roanoke County, VA, at 5436 Franklin Road.; 290 feet of road frontage provides excellent visibility and accessibility.; C-2 zoning allows for various commercial uses.
    (540) 353-8889
    Request Owner's contact information
    5436 Franklin Rd Roanoke, VA 24014
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    Roanoke, VA 24014
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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
    5436 Franklin Rd Roanoke, VA 24014
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