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    OFF-MARKET
    Land

    0 Manning Rd, Roanoke, VA 24012

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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.

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    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
    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
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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