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    3217 Hershberger Rd Roanoke, VA 24017

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    For Sale
    Contact for pricing

    Prime Roanoke, VA commercial lots.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional commercial land offering presents three distinct parcels in Roanoke, Virginia, ideally situated along Hershberger Road. The property boasts a highly desirable location, adjacent to a Home Depot and within close proximity to a major regional airport, numerous hotels, and a substantial shopping mall. This strategic positioning ensures high visibility and accessibility for potential businesses. The three available tracts offer varying lot sizes to accommodate a range of development plans. Tract B encompasses one acre, Tract C offers 1.2 acres, and Tract D provides a generous 2.3 acres. The combined presence of 1.9 million square feet of retail space within a 1.2-mile radius underscores the robust commercial activity in the immediate vicinity. Furthermore, the property's convenient location, just one-third of a mile from Interstate 581, provides unparalleled access to major transportation arteries. The versatile zoning allows for a multitude of potential uses, including fast food establishments, banking facilities, convenience stores, auto service centers, restaurants, small retail outlets, office supply stores, hotels, and family entertainment centers. This presents a unique opportunity for investors and developers seeking a prime location for a variety of commercial ventures in a thriving market. The land is ready for development, offering significant potential for substantial returns. Contact us today to learn more about this exceptional investment opportunity.

    Property Features for 3217 Hershberger Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Adjacent to The Home Depot.
    • Excellent retail locations.
    • Three available tracts: 1‑acre, 1.2‑acre, and 2.3‑acre parcels.
    • Suitable for fast food, banking, convenience stores, auto services, restaurants, small retail, office supply, hotels, and family entertainment.
    • Near a regional airport, hotels, and a shopping mall.
    • Over 1.9 million square feet of retail within 1.2 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pro Desk at The Home ... Building Materials Store Garden Center at The Home ... Garden Center Home Services at The Home ... Plumber The Home Depot Home Improvement Store Truck Rental Center ... Truck Rental Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.983869
    Latitude
    37.305082

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    FAQs

    What type of property is this?
    Land - Prime Roanoke, VA commercial lots.
    Where is this land located?
    The property is located at 3217 Hershberger Rd Roanoke, VA.
    What are key features of this property?
    This property features: Adjacent to The Home Depot.; Excellent retail locations.; Three available tracts: 1-acre, 1.2-acre, and 2.3-acre parcels.
    Request Owner's contact information
    3217 Hershberger Rd 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
    3217 Hershberger Rd Roanoke, VA 24017
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