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    22Nd St Roanoke, VA 24014

    Sponsored
    For Sale
    $199,950

    Rare .26-acre lot, RMF zoning, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.262-acre vacant lot presents a unique investment opportunity in the highly desirable South Roanoke neighborhood of Roanoke, Virginia. Located at 0 22nd St SW, Roanoke, VA 24014 (APN 1050968), this property is zoned RMF (Residential Multi-Family), making it ideal for the development of multi-family housing. Its prime location offers unparalleled convenience, situated adjacent to Cherry Hill Condos and Townhomes, and within comfortable walking distance of Carilion Roanoke Memorial Hospital, a variety of restaurants, coffee shops, and banking facilities. Easy access to major roadways such as I-581/US 220 ensures excellent connectivity throughout the Roanoke area. This is one of the last remaining vacant parcels in South Roanoke, presenting a rare chance to capitalize on the area's strong demand for housing and its vibrant, established community. The asking price for this exceptional property is $199,950. Don't miss this opportunity to acquire a highly sought-after development site in a thriving location.

    Property Features for 0 22Nd St

    General Information

    Property type
    Multifamily properties
    Lot Size
    11,413 SF

    HighLights

    • Rare vacant land in South Roanoke.
    • Neighboring Cherry Hill Condominiums and Townhomes.
    • Walkable to Carilion Roanoke Memorial Hospital, restaurants, and banks.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Map

    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.947287952552
    Latitude
    37.249091615201

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    FAQs

    What type of property is this?
    Multifamily property - Rare .26-acre lot, RMF zoning, prime location.
    Where is this multifamily property located?
    The property is located at 22Nd St Roanoke, VA.
    What is the asking price?
    The asking price for this property is $199,950.
    What are key features of this property?
    This property features: Rare vacant land in South Roanoke.; Neighboring Cherry Hill Condominiums and Townhomes.; Walkable to Carilion Roanoke Memorial Hospital, restaurants, and banks.
    (540) 309-9429
    Request Owner's contact information
    22Nd St 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
    22Nd St Roanoke, VA 24014
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