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    752 Orange Ave Roanoke, VA 24016

    Sponsored
    For Sale
    $1,850,000

    2-Acre Corner Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2-acre commercial land parcel presents a unique investment opportunity in Roanoke, Virginia. Located at the highly visible intersection of Orange Avenue NE and Hollins Road, this corner lot boasts over 40,000 cars passing daily, ensuring maximum exposure for any development. The property is zoned CG (Commercial General) and I-1 (Light Industrial), offering flexibility for a variety of commercial uses. While the front portion of the property lies within a floodplain, the overall acreage provides ample space for development, including ample parking. Its convenient location less than one mile from I-581 provides easy access for employees and customers. The asking price is $1,850,000. The property's address is 752 Orange Ave NE, Roanoke, VA 24016. This site is ideal for businesses seeking high visibility and convenient access to major transportation routes. The lot is well-suited for a variety of commercial ventures, given its zoning and high traffic count. Serious inquiries are encouraged to explore the potential of this prime commercial real estate offering.

    Property Features for 752 Orange Ave

    General Information

    Property type
    Land
    Lot Size
    87,120 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Roanoke Granite Granite Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store 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
    -79.925809623955
    Latitude
    37.282878863293

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    FAQs

    What type of property is this?
    Land - 2-Acre Corner Lot, High Traffic
    Where is this land located?
    The property is located at 752 Orange Ave Roanoke, VA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    (540) 204-4935
    Request Owner's contact information
    752 Orange Ave Roanoke, VA 24016
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    Roanoke, VA 24016
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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
    752 Orange Ave Roanoke, VA 24016
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