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    5403 Clearbrook Ln Roanoke, VA 24014

    Sponsored
    For Sale
    $550,000

    2.71 Acres, Prime Location, C-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.71-acre commercial land parcel in Roanoke County, Virginia, presents a remarkable development opportunity. Ideally situated at 5403 Clearbrook Lane, the property boasts prominent frontage on both US 220 (Franklin Road) and Clearbrook Lane, offering unparalleled visibility and accessibility. With 173 feet of frontage on US 220 and 358 feet on Clearbrook Lane, this site benefits from high traffic counts and easy access to the Walmart Super Center via a nearby traffic light. The property is zoned C-2, allowing for a variety of commercial uses. A completed mixed-use development concept plan, designed by Balzer & Associates, envisions approximately 25,000 square feet of development. This plan, however, is not binding on any future development. The location within the Clearbrook Overlay District provides additional development advantages. US 220's status as a major southern route into Roanoke and the primary access to North Carolina ensures consistent high traffic volume and excellent exposure. An adjoining 1.5-acre parcel is also available for separate purchase at $350,000. The property's APN is 98.02-03-03 & 04. This is a rare opportunity to acquire a strategically located commercial property in a thriving area of Roanoke County. The asking price for this exceptional property is $550,000.

    Property Features for 5403 Clearbrook Ln

    General Information

    Property type
    Land
    Lot Size
    118,048 SF

    HighLights

    • $550,000 asking price.
    • 2.71‑acre commercial land parcel.
    • C‑2 zoning.
    • Located at 5403 Clearbrook Lane, Roanoke, VA 24014 (APN: 98.02‑03‑03 & 04).
    • High visibility, situated on US 220 (Franklin Road) and Clearbrook Lane, near a Walmart Supercenter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.9454361
    Latitude
    37.2019704

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    FAQs

    What type of property is this?
    Land - 2.71 Acres, Prime Location, C-2 Zoning
    Where is this land located?
    The property is located at 5403 Clearbrook Ln Roanoke, VA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: $550,000 asking price.; 2.71-acre commercial land parcel.; C-2 zoning.
    (540) 353-0100
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    5403 Clearbrook Ln 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
    5403 Clearbrook Ln Roanoke, VA 24014
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