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    4004 Challender Ave Roanoke, VA 24012

    Sponsored
    For Sale
    $850,000

    5.12 Acres, C-1 & R-3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 5.12-acre commercial land parcel in Roanoke, Virginia, presents a unique investment opportunity. Located at 4004 Challender Ave, zip code 24012, this property boasts significant frontage of over 550 feet and is conveniently situated near a traffic light, ensuring high visibility and accessibility. The zoning offers versatile development potential. 1.41 acres are zoned C-1, ideal for office development, while the remaining 3.71 acres are zoned R-3, perfect for multifamily residential projects. This strategic zoning allows for mixed-use development possibilities, maximizing return on investment. Public water is readily available at the street frontage, and public sewer access is conveniently located nearby. The property's location in Roanoke, VA, offers access to a thriving local economy and a growing population. With its substantial size, prime location, and flexible zoning, this land parcel is an excellent choice for developers seeking a high-impact project. The asking price is $850,000. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a highly desirable commercial property in a rapidly developing area.

    Property Features for 4004 Challender Ave

    General Information

    Property type
    Land
    Lot Size
    223,027 SF

    HighLights

    • $850,000 asking price.
    • 5.12‑acre commercial land parcel.
    • C‑1 zoning (1.41 acres) and R‑3 multifamily zoning (3.71 acres).
    • Public water available, public sewer nearby.
    • Over 550 feet of road frontage near a traffic light.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.883504
    Latitude
    37.314211

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    FAQs

    What type of property is this?
    Land - 5.12 Acres, C-1 & R-3 Zoning
    Where is this land located?
    The property is located at 4004 Challender Ave Roanoke, VA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price.; 5.12-acre commercial land parcel.; C-1 zoning (1.41 acres) and R-3 multifamily zoning (3.71 acres).
    Request Owner's contact information
    4004 Challender Ave Roanoke, VA 24012
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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
    4004 Challender Ave Roanoke, VA 24012
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