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Prime Redevelopment Opportunity in Roanoke
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510 McClanahan St SW, Roanoke, VA 24014

1.0574 acres in booming commercial area near Carilion Clinic.

Property Size1,521 SF
Lot Size1.06 Acres
Price / SF$986.19
Days on Market1114

Property Features for 510 McClanahan St SW

General Information

Standard status Active
Size 1,521 SF
Class B
Lot size 1.06 Acres
Property subtype Retail
Zoning CG
Investment Type Owner/User

Building Details

Year Built 2005
Buildings 1
Stories 1
Listing Agency: Cushman & Wakefield Thalhimer - Roanoke, Virginia
Listed By: Price Gutshall · License #VA 0225214051
Source: Crexi
Added: Aug 21, 2023 Changed: Aug 31 Last Checked: Sep 7 at 3:00AM

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 Cushman & Wakefield Thalhimer - Roanoke, Virginia

Investment Insights

Based on property information with market context.

This 1.0574-acre property presents a prime redevelopment opportunity within a booming commercial area. The site includes a 1,521-square-foot former bank branch. It is located in South Roanoke, near Carilion Clinic, Earth Fare, and Towers Shopping Center, offering high visibility on McClanahan Street and Franklin Road. Zoned Commercial General, the property allows for a variety of uses and is close to restaurants, retail establishments, and other commercial businesses.

Key Highlights

  • Prime redevelopment opportunity in booming commercial area
  • 1.0574 Acres with a 1,521 SF former bank branch
  • High visibility on McClanahan Street and Franklin Road

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Electrical Service Plumbing Service Furniture & Home Goods Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith

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

2,500
Businesses Nearby

Demographics for 24014, VA

16,869
Population
8,508
Households
2
Avg Household Size
45
Median Age
39%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
618
Density / Sq Mi
$65,089
Median Household Income
$46,225
Median Earnings
$949
Median Rent
$260,300
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - 1.0574 acres in booming commercial area near Carilion Clinic.
Where is this commercial land located?
The property is located at 510 McClanahan St SW Roanoke, VA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime redevelopment opportunity in booming commercial area; 1.0574 Acres with a 1,521 SF former bank branch; High visibility on McClanahan Street and Franklin Road
(540) 767-3011 Call to check price and availability
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