Orange Ave Roanoke, VA 24012
- Land
- 5.10 lot acres
Current Use by Public Records
- Land
Property Details for 0 Orange Ave
- Lot size
- 5.10 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke Country
- State
- Virginia
- Longitude
- -79.8904
- Latitude
- 37.3053
