Property profile

5350 Clearbrook Ln Roanoke, VA 24014

OFF-MARKET
Land
1.33 ac lot
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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

Location

5350 Clearbrook Ln Roanoke, VA 24014
Roanoke metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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