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    4402 Old Rocky Mount Rd Roanoke, VA 24014

    Sponsored
    For Sale
    $980,000

    4.36 acres, MX zoning, high traffic area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.36-acre commercial land parcel presents a rare development opportunity in Roanoke, Virginia. Located at 4402 Old Rocky Mount Road, this property boasts a highly desirable Mixed Use (MX) zoning designation from the city of Roanoke. Situated just off Route 220, with a daily traffic count exceeding 30,000 vehicles, this location offers unparalleled visibility and accessibility. The land comprises two parcels (APN 5470121, 5470122), both of which must be purchased together. Currently improved with residential homes, this site is primed for redevelopment into a variety of commercial uses. Its strategic location places it in close proximity to established businesses such as Outback Steakhouse, Pheasant Ridge, Walmart, Lowe's, Home Depot, Taco Bell, Big Lots, Bojangles, and Kohl's, ensuring high foot traffic and strong consumer presence. The asking price for this significant commercial development opportunity is $980,000. This is a first-time listing and represents a unique chance to acquire a substantial piece of prime commercial real estate in a thriving Roanoke location. Don't miss this chance to capitalize on this high-traffic, high-visibility location.

    Property Features for 4402 Old Rocky Mount Rd

    General Information

    Property type
    Mixed-use properties
    Lot Size
    189,922 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.965434972683
    Latitude
    37.220038978619

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    FAQs

    What type of property is this?
    Mixed-use property - 4.36 acres, MX zoning, high traffic area
    Where is this mixed-use property located?
    The property is located at 4402 Old Rocky Mount Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $980,000.
    Request Owner's contact information
    4402 Old Rocky Mount Rd 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
    4402 Old Rocky Mount Rd Roanoke, VA 24014
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