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    OFF-MARKET
    Land

    0 Electric Rd, Roanoke, VA 24018

    3.8 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.8-acre commercial land parcel in Roanoke, Virginia, presents a remarkable development opportunity. Located at 0 Electric Rd, Roanoke, VA 24018, this property boasts 200 feet of prominent frontage along Route 419, ensuring high visibility for any commercial venture. The C1C zoning allows for a variety of commercial uses. Situated near the intersection of Electric Road and Brambleton Avenue (Cave Spring Corners), the site benefits from an annual average daily traffic count of 25,000 vehicles. Its strategic location within a thriving area of Southwest Roanoke County places it amidst established residential neighborhoods, highly-rated schools, convenient banking facilities, the new Publix development, and a diverse range of dining and shopping establishments. The property's 3.8-acre size (APN: 076.16-01-39.01-0000) offers ample space for a wide range of development projects. This high-traffic, high-visibility location makes it an ideal site for businesses seeking maximum exposure and accessibility. The asking price for this prime commercial land is $995,000.

    Property profile
    Verified
    Property type Land
    Lot 3.8 ac (165,528 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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