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    OFF-MARKET
    Land

    0 Orange Ave, Roanoke, VA 24012

    5.1 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5.1-acre site, located in Roanoke, Virginia's vibrant 3500 block of Orange Avenue NE, presents a compelling development opportunity. Situated in a thriving retail and commercial corridor, this property boasts an enviable location near the Roanoke Centre for Industry & Technology (RCIT), home to numerous leading companies including Amazon, Advance Auto Parts, and others. The high-traffic area sees approximately 38,000 vehicles daily, ensuring excellent visibility and accessibility for any development. The property is zoned RM-2, allowing for a mix of residential and commercial uses, providing flexibility for a variety of development plans. This presents a unique chance to capitalize on the area's growth, particularly given the recent approval of a large 758-unit apartment complex nearby. The property's 5.1-acre size offers significant potential for a substantial project. An adjoining 3.93-acre site is also available for purchase, expanding the development possibilities even further. The property's address is Orange Ave NE, Roanoke, VA 24012, and the APN is 7110102. The asking price for this exceptional development opportunity is $650,000.

    Property profile
    Verified
    Property type Land
    Lot 5.1 ac (222,156 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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