0 Electric Rd Roanoke, VA 24018

OFF-MARKET

Land

3.8 ac lot

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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 type Land

Lot 3.8 ac (165,528 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Electric Rd Roanoke, VA 24018

Roanoke metro

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6 recent transactions · within 1.5 mi

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Parcel carries C1C zoning for commercial land use.

0 ELECTRIC RD ROANOKE VA 24018, Roanoke, VA 24018

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