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    1610 Rutrough Rd Roanoke, VA 24014

    Sponsored
    For Sale
    $350,000

    Prime Roanoke location, 2.26 acres, $350,000.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a unique investment opportunity in Roanoke, Virginia. Comprising two parcels (APN 4250205 and 4250206), totaling 2.26 acres, this property is ideally situated for various commercial ventures. The combined asking price is $350,000. A significant advantage is the property's strategic location adjacent to an established shopping center, sharing a common entrance and driveway, ensuring high visibility and convenient access for potential businesses. Furthermore, the land is situated directly next to Roanoke City Fire Station No. 11, providing an added layer of security and community presence. The address is 1610 and 1602 Rutrough Rd, Roanoke, VA 24014. This prime location, coupled with the substantial acreage, makes this property an attractive proposition for developers and investors seeking a high-impact commercial development site in a thriving area of Roanoke. The property's proximity to both retail and essential services makes it a highly desirable location for a wide range of commercial uses. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering.

    Property Features for 1610 Rutrough Rd

    General Information

    Property type
    Land
    Lot Size
    98,446 SF

    HighLights

    • $350,000 asking price.
    • 2.26‑acre commercial land parcel.
    • Located at 1610 and 1602 Rutrough Rd, Roanoke, VA 24014.
    • APN: 4250205; 4250206.
    • Two adjacent parcels sold together.
    • Prime location near a shopping center and Roanoke City Fire Station No. 11.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center Skin Care Clinic Kitchen & Bath Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke city
    State
    Virginia
    Longitude
    -79.9142093
    Latitude
    37.2508001

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    FAQs

    What type of property is this?
    Land - Prime Roanoke location, 2.26 acres, $350,000.
    Where is this land located?
    The property is located at 1610 Rutrough Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price.; 2.26-acre commercial land parcel.; Located at 1610 and 1602 Rutrough Rd, Roanoke, VA 24014.
    (540) 982-0011
    Request Owner's contact information
    1610 Rutrough Rd Roanoke, VA 24014
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    Roanoke, VA 24014
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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
    1610 Rutrough Rd Roanoke, VA 24014
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