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    1106 Orange Ave Roanoke, VA 24017

    Sponsored
    For Lease
    Contact for pricing

    Orange Ave. Commercial/Residential Lots

    Lot size:
    20,978 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 0.48-acre parcel, totaling 20,978 square feet, presents a remarkable development opportunity on a highly trafficked section of Orange Avenue NW. Boasting 50-100 feet of frontage, this property benefits from its strategic location, just one block from Advance Auto Parts and near the intersection of Orange Avenue and 581, experiencing a high volume of 15,000 vehicles per day. Currently zoned MX (Mixed Use), this land allows for a diverse range of uses, including multi-family dwellings, offices, medical facilities, studios, daycare centers, wireless communications infrastructure, and government services. Adding to its versatility, the property's adjacency to CN-zoned land suggests the possibility of rezoning to accommodate retail and other commercial ventures. The two plots comprising this offering can be leased individually or together, with rates and lease terms negotiable based on the intended use. This highly visible location and flexible zoning make this an unparalleled investment opportunity. Bring your vision and all offers will be considered. The property's size is confirmed as 20,978 square feet.

    Property Features for 1106 Orange Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,978 SF

    Unit(s) available at that property

    Space
    Size
    20,978 SF

    HighLights

    • 0.48‑acre land parcel suitable for mixed‑use development.
    • 20,978 square foot lot size.
    • Single‑tenant occupancy, with potential for separate leasing.
    • MX zoning allows for multi‑family, office, medical, studio, daycare, wireless, and government uses; rezoning possible for retail.
    • High visibility location on Orange Avenue NW with 15,000 vehicles per day (VPD), near the intersection of 581 and Orange Avenue/460.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Roanoke
    State
    Virginia
    Longitude
    -79.956100117246
    Latitude
    37.283645447125

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    FAQs

    What type of property is this?
    Land - Orange Ave. Commercial/Residential Lots
    Where is this land located?
    The property is located at 1106 Orange Ave Roanoke, VA.
    What are key features of this property?
    This property features: 0.48-acre land parcel suitable for mixed-use development.; 20,978 square foot lot size.; Single-tenant occupancy, with potential for separate leasing.
    Request Owner's contact information
    1106 Orange Ave Roanoke, VA 24017
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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
    1106 Orange Ave Roanoke, VA 24017
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