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    Cove Rd Roanoke, VA 24017

    Sponsored
    For Sale
    $784,900

    Two prime Roanoke commercial parcels.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional offering presents a rare opportunity to acquire two contiguous commercial land parcels totaling 3.41 acres in the desirable Roanoke, Virginia, market. Located on Cove Rd, zip code 24017, these parcels are identified by APN numbers 036.11-02-04.02-0000 and 036.11-02-04.04-0000 and are offered at a combined asking price of $784,900. The property is privately owned and boasts a C2 commercial zoning designation, opening doors to a wide array of development possibilities. Ideal for ventures such as retail stores, medical or dental practices, professional offices, or even a hotel, this location presents significant potential for enhancing the surrounding area's value. The parcels are situated at the front of the Grand Retreat property, ensuring high visibility and accessibility. This is a unique chance to secure a substantial land holding in a thriving Virginia community, ready for immediate development. The combined acreage provides ample space for a large-scale project or the potential for separate development opportunities. Serious inquiries are encouraged.

    Property Features for 0 Cove Rd

    General Information

    Property type
    Land
    Lot Size
    148,540 SF

    HighLights

    • Two contiguous 3.41‑acre commercial land parcels in Roanoke, VA.
    • Located on Cove Rd, zip code 24017, APNs 036.11‑02‑04.02‑0000 and 036.11‑02‑04.04‑0000.
    • $784,900 asking price.
    • C2 commercial zoning allows for diverse development (retail, medical, office, hotel).
    • High visibility location at the front of the Grand Retreat property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -80.028424146601
    Latitude
    37.327288013226

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    FAQs

    What type of property is this?
    Land - Two prime Roanoke commercial parcels.
    Where is this land located?
    The property is located at Cove Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $784,900.
    What are key features of this property?
    This property features: Two contiguous 3.41-acre commercial land parcels in Roanoke, VA.; Located on Cove Rd, zip code 24017, APNs 036.11-02-04.02-0000 and 036.11-02-04.04-0000.; $784,900 asking price.
    Request Owner's contact information
    Cove Rd Roanoke, VA 24017
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    Roanoke, VA 24017
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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
    Cove Rd Roanoke, VA 24017
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