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    1109 Hollins Rd Roanoke, VA 24012

    Sponsored
    For Sale
    $1,950,000

    2.47 Acres, High Traffic, $1.95M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 2.47-acre commercial land parcel presents a remarkable investment opportunity in Roanoke, Virginia. Located at the highly visible intersection of Hollins Road NE and Orange Avenue, this corner lot benefits from a traffic count exceeding 40,000 vehicles daily, ensuring significant exposure for any development. The property is zoned CG - Commercial General, allowing for a wide range of commercial uses. Its convenient location offers easy access to Interstate 581, less than one mile away, providing excellent connectivity for customers and employees. While situated in a flood plain, the property's strategic placement at a signalized intersection and its substantial size make it an attractive proposition for developers seeking high-visibility commercial space. The asking price is $1,950,000. Detailed zoning information and flood plain specifics are available upon request. This is a rare opportunity to acquire a significant commercial land holding in a high-traffic area of Roanoke, offering substantial potential for future growth and return on investment. The address is 1109 Hollins Road NE, Roanoke, VA 24012.

    Property Features for 1109 Hollins Rd

    General Information

    Property type
    Land
    Lot Size
    107,593 SF

    HighLights

    • $1,950,000 asking price.
    • 2.47‑acre commercial land parcel.
    • CG - Commercial General zoning.
    • Located at the intersection of Hollins Rd NE and Orange Ave in Roanoke, VA, a high‑traffic area (40,000 vehicles/day).
    • Less than one mile from I‑581.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rock Creek Mulch ... Mulch Supplier Flores LLC Grocery Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.92466071
    Latitude
    37.2829138

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    FAQs

    What type of property is this?
    Land - 2.47 Acres, High Traffic, $1.95M
    Where is this land located?
    The property is located at 1109 Hollins Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: $1,950,000 asking price.; 2.47-acre commercial land parcel.; CG - Commercial General zoning.
    (540) 353-8889
    Request Owner's contact information
    1109 Hollins Rd Roanoke, VA 24012
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    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
    1109 Hollins Rd Roanoke, VA 24012
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