Prime Roanoke Valley Development
For Sale
Contact for pricing
Orange Ave NE, Roanoke, VA 24012
5.1 acre site in a vibrant commercial corridor.
Property SizeContact for details
Lot Size5.10 Acres
Days on Market1787
Property Features for Orange Ave NE
General Information
Standard status
Active
Lot size
5.10 Acres
Property subtype
Land
Zoning
RM-2
Listing Agency:
Hall Associates
(540) 982-0011
Listed By:
Gavin Hollingsworth · License #0225233452
Source:
Crexi
Added: Oct 1, 2021
Changed: Aug 21
Last Checked: Aug 21 at 7:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hall Associates
Investment Insights
Based on property information with market context.
This 5.1-acre site is located in the heart of the Roanoke Valley, in the 3500 block of Orange Avenue. It presents a development opportunity within a retail and commercial corridor, near the Roanoke Centre for Industry & Technology (RCIT). The location is near companies such as Advance Auto Parts, Bimbo Bakeries, Eaton, Elizabeth Arden, Fed Ex Ground, Orvis and Amazon. Residential development is ongoing in the area, with a 758-unit apartment complex having been approved. The Annual Average Daily Traffic count along Orange Avenue is approximately 38,000 vehicles per day. The current Roanoke City zoning is RM-2, which permits residential and some commercial uses. This parcel can be purchased with an adjoining 3.93 acres in an additional four parcels.
Key Highlights
- Prime development opportunity in the heart of the Roanoke Valley.
- Located in a vibrant retail and commercial corridor near the Roanoke Centre for Industry & Technology (RCIT).
- High traffic count of approximately 38,000 vehicles per day on Orange Avenue.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 24012, VA
30,037
Population
13,455
Households
2.2
Avg Household Size
40
Median Age
24%
College-Educated
87%
High-School Grad
20.3 sq mi
ZIP Area
1,480
Density / Sq Mi
$51,002
Median Household Income
$39,079
Median Earnings
$1,002
Median Rent
$177,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 5.1 acre site in a vibrant commercial corridor.
Where is this commercial land located?
The property is located at Orange Ave NE Roanoke, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime development opportunity in the heart of the Roanoke Valley.; Located in a vibrant retail and commercial corridor near the Roanoke Centre for Industry & Technology (RCIT).; High traffic count of approximately 38,000 vehicles per day on Orange Avenue.
