0 Cove Rd Roanoke, VA 24019
This exceptional 3,234 square foot storefront, located at 3312 Cove Rd NW in Roanoke, VA 24019, presents a remarkable investment opportunity. Built in 1952, this single-story building sits on a 0.92-acre lot (APN: 6440201; 6440202) and is zoned CG. The property boasts significant traffic exposure, with over 24,000 vehicles passing daily, ensuring high visibility for your business. Recent improvements include new mini-split heating and cooling units and a freshly reshingled garage roof, minimizing immediate maintenance needs. The current tenant is on a month-to-month lease, offering flexibility for the new owner. This well-maintained property offers a rare chance to establish or expand your business in a highly desirable Roanoke location. The asking price is $589,978. Don't miss this chance to capitalize on this prime retail space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.