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    Orange Ave Roanoke, VA 24012

    Sponsored
    For Sale
    $650,000

    Prime Roanoke location, RM-2 zoning, high traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.1-acre site, located in Roanoke, Virginia's vibrant 3500 block of Orange Avenue NE, presents a compelling development opportunity. Situated in a thriving retail and commercial corridor, this property boasts an enviable location near the Roanoke Centre for Industry & Technology (RCIT), home to numerous leading companies including Amazon, Advance Auto Parts, and others. The high-traffic area sees approximately 38,000 vehicles daily, ensuring excellent visibility and accessibility for any development. The property is zoned RM-2, allowing for a mix of residential and commercial uses, providing flexibility for a variety of development plans. This presents a unique chance to capitalize on the area's growth, particularly given the recent approval of a large 758-unit apartment complex nearby. The property's 5.1-acre size offers significant potential for a substantial project. An adjoining 3.93-acre site is also available for purchase, expanding the development possibilities even further. The property's address is Orange Ave NE, Roanoke, VA 24012, and the APN is 7110102. The asking price for this exceptional development opportunity is $650,000.

    Property Features for 0 Orange Ave

    General Information

    Property type
    Land
    Lot Size
    222,156 SF

    HighLights

    • 5.1‑acre development site in Roanoke, VA's vibrant retail/commercial corridor.
    • High‑traffic location on Orange Avenue (approx. 38,000 AADT).
    • Proximity to Roanoke Centre for Industry & Technology (RCIT), home to major companies including Amazon and Advance Auto Parts.
    • RM‑2 zoning permitting residential and select commercial uses.
    • Adjacent 3.93‑acre site also available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Roanoke
    County
    Roanoke Country
    State
    Virginia
    Longitude
    -79.890391038842
    Latitude
    37.305347422876

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    FAQs

    What type of property is this?
    Land - Prime Roanoke location, RM-2 zoning, high traffic
    Where is this land located?
    The property is located at Orange Ave Roanoke, VA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 5.1-acre development site in Roanoke, VA's vibrant retail/commercial corridor.; High-traffic location on Orange Avenue (approx. 38,000 AADT).; Proximity to Roanoke Centre for Industry & Technology (RCIT), home to major companies including Amazon and Advance Auto Parts.
    (540) 982-0011
    Request Owner's contact information
    Orange Ave Roanoke, VA 24012
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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
    Orange Ave Roanoke, VA 24012
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