Property profile

0 Manning Rd Roanoke, VA 24012

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 10.95-acre property in Roanoke, Virginia, presents a remarkable opportunity for residential or multifamily development. Situated on three parcels (APN: 3240316, 3240317, 7170402) with R-5 zoning, this land boasts convenient access to existing utilities, including water and sewer, along Manning Dr. and 20th St. NE. Its prime location near Eastgate Park offers direct access to the Tinker Creek Greenway, enhancing its appeal to residents seeking both convenience and outdoor recreation. The property's proximity to US Route 460 ensures easy access to local amenities and shopping centers, while its adjacency to established single-family and apartment communities positions it perfectly within Roanoke's eastward development path. The site's previous multifamily zoning and its location near Amazon's new facility on Blue Hills Dr. further underscores its development potential. Included in the sale is an additional half-acre parcel fronting Tinker Creek, ideal for supplementary development such as a clubhouse or additional parking. This offering presents a rare chance to create new housing in a high-demand area, with the potential for acquiring additional adjacent residential-zoned land for further expansion. The asking price for this exceptional development opportunity is $750,000.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Manning Rd Roanoke, VA 24012
Roanoke metro
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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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