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    674 Teresa Ln Roanoke, VA 24019

    Sponsored
    For Sale
    $1,250,000

    Profitable Restaurant, Fully Equipped

    Property size:
    1,836 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turnkey restaurant opportunity in Roanoke, Virginia, is priced at $1,250,000. The 1,836 square foot building, constructed in 2022, sits on a 0.77-acre corner lot in Botetourt County (zip code 24019) and boasts a prime location on a busy thoroughfare. The property is zoned B2-Business and features 23 on-site parking spaces, plus ample street parking, and a convenient curbside pickup window. Inside, you'll find a fully equipped kitchen with all equipment and fixtures included in the sale. This includes a 16' hood, captive air system, tankless gas water heater, 6'x8' walk-in cooler, and a water softener. The HVAC system comprises three gas units with central A/C (two 5-ton and one 4-ton unit). The restaurant has two ADA-compliant bathrooms and is approved for 94 seats, plus outdoor patio seating. Utilities include public water, sewer, natural gas, and high-speed internet, along with a robust 400A 3-phase electrical service. The current owner, with a strong local reputation, may allow continued use of the established restaurant name under specific conditions. Detailed equipment lists and historical sales data are available to qualified buyers under a confidentiality agreement. A virtual tour is available upon request. This is a rare opportunity to acquire a thriving, fully operational restaurant in a rapidly growing area.

    Property Features for 674 Teresa Ln

    General Information

    Property type
    Restaurants
    Square Feet
    1,836 SF
    Lot Size
    33,541 SF

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $1,250,000 asking price for this 1,836 square foot restaurant.
    • Located at 674 Teresa Ln, Roanoke, VA 24019, on a 0.77‑acre lot.
    • Built in 2022, this single‑story retail building features a B2 Business zoning designation.
    • Fully equipped restaurant with all equipment and fixtures included in the sale.
    • Offers 23 on‑site parking spaces, plus on‑street parking and a curbside pickup window.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lil’ Cucci’s Pizzeria Pizza Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.8864822
    Latitude
    37.3527069

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    FAQs

    What type of property is this?
    Restaurant - Profitable Restaurant, Fully Equipped
    Where is this restaurant located?
    The property is located at 674 Teresa Ln Roanoke, VA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price for this 1,836 square foot restaurant.; Located at 674 Teresa Ln, Roanoke, VA 24019, on a 0.77-acre lot.; Built in 2022, this single-story retail building features a B2 Business zoning designation.
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    674 Teresa Ln 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
    674 Teresa Ln Roanoke, VA 24019
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