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    2941 Peters Creek Rd Roanoke, VA 24019

    Sponsored
    For Lease
    $19,800 /Mo

    Prime Peters Creek Road location, near I-581.

    Lot size:
    85,813 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2-acre commercial land parcel presents a unique investment opportunity in Roanoke, Virginia. Strategically located at 2941 Peters Creek Road, this property boasts excellent visibility and accessibility, directly fronting a major north-south thoroughfare. Its proximity to Interstate 581 ensures convenient access to regional transportation networks. The lot is situated adjacent to the recently constructed CarMax location, benefiting from the established commercial presence in the immediate vicinity. The property's zoning is currently designated CG(c), a classification established in 1995. The previous use of the land was for manufactured home sales, offering potential for a variety of commercial developments. This single-tenant property presents a blank canvas for developers seeking a high-traffic location with significant growth potential. The site's size and location make it ideal for a range of commercial ventures, capitalizing on the strong commercial activity along Peters Creek Road and the easy access to I-581. Detailed zoning information and development possibilities are available upon request. This is a rare opportunity to acquire a prominent commercial land parcel in a thriving Roanoke location.

    Property Features for 2941 Peters Creek Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    85,813 SF
    Total Rate
    19800

    Unit(s) available at that property

    Space
    Size
    85,813 SF
    Rate per SF
    $19,800

    HighLights

    • 400 feet of frontage on Peters Creek Road.
    • Adjacent to a new CarMax dealership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -80.0009102
    Latitude
    37.3189194

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    FAQs

    What type of property is this?
    Land - Prime Peters Creek Road location, near I-581.
    Where is this land located?
    The property is located at 2941 Peters Creek Rd Roanoke, VA.
    What is the lease rate?
    The lease rate is $19,800 /Mo.
    What are key features of this property?
    This property features: 400 feet of frontage on Peters Creek Road.; Adjacent to a new CarMax dealership.;
    Request Owner's contact information
    2941 Peters Creek Rd 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
    2941 Peters Creek Rd Roanoke, VA 24019
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