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    OFF-MARKET
    Land

    5350 Clearbrook Ln, Roanoke, VA 24014

    1.33 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land opportunity presents three parcels available for development, strategically located in South Roanoke, Virginia, at 5350 Clearbrook Lane, zip code 24014. The property boasts a prime location on Highway 220, near the Blue Ridge Parkway, within a well-established retail trade area. This highly visible location benefits from significant traffic volume, with Franklin Road boasting an Annual Average Daily Traffic (AADT) count of 31,000 vehicles. The parcels offer varying sizes to accommodate diverse development needs: Lot 1 encompasses 1.33 acres, Lot 2 spans 1.42 acres, and Lot 3 comprises a substantial 7.53 acres. Importantly, initial site development work has already been completed, streamlining the development process and potentially reducing upfront costs for future projects. This presents a unique chance to capitalize on the strong retail presence and high traffic counts in this thriving South Roanoke location. The property is zoned for commercial use and offers significant potential for a variety of retail or commercial ventures. Contact us today to learn more about this exceptional investment opportunity.

    Property profile
    Verified
    Property type Land
    Lot 1.33 ac (57,935 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
    AI Approach AI
    by Request
    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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