0 22Nd St Roanoke, VA 24014
This exceptional 0.262-acre vacant lot presents a unique investment opportunity in the highly desirable South Roanoke neighborhood of Roanoke, Virginia. Located at 0 22nd St SW, Roanoke, VA 24014 (APN 1050968), this property is zoned RMF (Residential Multi-Family), making it ideal for the development of multi-family housing. Its prime location offers unparalleled convenience, situated adjacent to Cherry Hill Condos and Townhomes, and within comfortable walking distance of Carilion Roanoke Memorial Hospital, a variety of restaurants, coffee shops, and banking facilities. Easy access to major roadways such as I-581/US 220 ensures excellent connectivity throughout the Roanoke area. This is one of the last remaining vacant parcels in South Roanoke, presenting a rare chance to capitalize on the area's strong demand for housing and its vibrant, established community. The asking price for this exceptional property is $199,950. Don't miss this opportunity to acquire a highly sought-after development site in a thriving location.
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
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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.