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    2945 Orange Ave Roanoke, VA 24012

    Sponsored
    For Sale
    $750,000

    6,000 SF Office Showroom - Redevelopment Opportunity

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,000 square foot industrial showroom, located at 2945 Orange Avenue NE in Roanoke, Virginia, presents a compelling redevelopment opportunity. Situated on a 0.93-acre lot in a high-traffic area directly across from Statesman Industrial Park, this property boasts significant visibility and accessibility. The building, constructed in 1978 and extensively renovated in 2019, features a mostly open floor plan ideal for customization. Currently, the property is multi-tenant, with one tenant under a modified lease with two lease options available. The asking price is $750,000, translating to $125 per square foot. The property includes a single dock-high door and a recently updated HVAC system. Its light industrial zoning and prime location near Route 460 make it an attractive investment for a variety of uses. The existing tenants are on short-term leases, providing flexibility for future development plans. This property offers a unique blend of immediate income potential and long-term redevelopment prospects in a thriving Roanoke location. The zip code is 24012.

    Property Features for 2945 Orange Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,000 SF

    Building Details

    Year Built/Renovated
    1978/2019

    HighLights

    • High‑visibility location on Route 460, opposite Statesman Industrial Park.
    • High traffic counts ensure excellent exposure.
    • Features a brand‑new HVAC system.
    • Light industrial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    We Fix Mowers Lawn Mower Repair Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.899719915942
    Latitude
    37.296320442864

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    FAQs

    What type of property is this?
    Individual retail property - 6,000 SF Office Showroom - Redevelopment Opportunity
    Where is this individual retail property located?
    The property is located at 2945 Orange Ave Roanoke, VA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: High-visibility location on Route 460, opposite Statesman Industrial Park.; High traffic counts ensure excellent exposure.; Features a brand-new HVAC system.
    (540) 855-3641
    Request Owner's contact information
    2945 Orange Ave Roanoke, VA 24012
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    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
    2945 Orange Ave Roanoke, VA 24012
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