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    6767 Cloverdale Rd Roanoke, VA 24019

    Sponsored
    For Sale
    $275,000

    10.65 Acres, Multifamily Potential, VA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.65-acre commercial development site presents a compelling investment opportunity in Botetourt County, Virginia. Located at 6767 Cloverdale Road, Roanoke, VA 24019, this flat parcel boasts high visibility due to its frontage along Highway 220. The property's strategic location offers convenient access to major transportation arteries, including Highway 460 and Interstate 81, providing seamless connectivity to the City of Roanoke, Botetourt County, and Roanoke County. Zoned for multifamily development (buyer to verify), this site is ideal for a variety of projects, capitalizing on the strong demand for housing in the area. The asking price for this prime development land is $275,000. Its size and location make it an attractive proposition for developers seeking a high-traffic area with excellent accessibility. The flat terrain simplifies development, reducing potential site preparation costs. This property represents a rare chance to acquire a significant parcel of land in a thriving region, poised for substantial growth and return on investment. Further due diligence is recommended to confirm zoning and development regulations.

    Property Features for 6767 Cloverdale Rd

    General Information

    Property type
    Land
    Lot Size
    463,914 SF

    HighLights

    • 10.65‑acre commercial development site in Botetourt County, VA.
    • High visibility on Highway 220, Roanoke, VA.
    • Convenient access to major roadways (Hwy 460 & I‑81).
    • Zoned for multifamily (buyer to verify).
    • Asking price: $275,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stop In Food Stores Convenience Store CoinFlip Bitcoin ATM Bank Shell Gas Station

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.8849885
    Latitude
    37.3564832

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    FAQs

    What type of property is this?
    Land - 10.65 Acres, Multifamily Potential, VA
    Where is this land located?
    The property is located at 6767 Cloverdale Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 10.65-acre commercial development site in Botetourt County, VA.; High visibility on Highway 220, Roanoke, VA.; Convenient access to major roadways (Hwy 460 & I-81).
    Request Owner's contact information
    6767 Cloverdale 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
    6767 Cloverdale Rd Roanoke, VA 24019
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