Property summary
This exceptional 5.12-acre commercial land parcel in Roanoke, Virginia, presents a unique investment opportunity. Located at 4004 Challender Ave, zip code 24012, this property boasts significant frontage of over 550 feet and is conveniently situated near a traffic light, ensuring high visibility and accessibility. The zoning offers versatile development potential. 1.41 acres are zoned C-1, ideal for office development, while the remaining 3.71 acres are zoned R-3, perfect for multifamily residential projects. This strategic zoning allows for mixed-use development possibilities, maximizing return on investment. Public water is readily available at the street frontage, and public sewer access is conveniently located nearby. The property's location in Roanoke, VA, offers access to a thriving local economy and a growing population. With its substantial size, prime location, and flexible zoning, this land parcel is an excellent choice for developers seeking a high-impact project. The asking price is $850,000. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a highly desirable commercial property in a rapidly developing area.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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