3810 Tall Pne Ln, Roanoke, VA 24014
Exceptional opportunity to acquire a 59.34-acre residential land development in Roanoke County, Virginia. This turnkey project boasts 27 developed lots ready for construction, featuring a minimum building size of 2,500 square feet. The property includes 22.3 acres of common area, highlighted by a picturesque 1.75-acre pond, a historic covered bridge, and a mill house. All private streets are complete, and underground electric utilities are installed for lots 1-8 and 34. A Property Owners Association will maintain the common areas, ensuring long-term value. Located in the desirable Mount Pleasant area, this development offers proximity to the Ballyhack Golf Club, downtown Roanoke, and Smith Mountain Lake. The project is zoned AG-3 and has an asking price of $650,000. Projected monthly HOA dues are $166. The APN is 89.02-02-02. This is a rare opportunity to capitalize on a well-planned, high-end residential community in a prime location. The property's unique features and convenient location make it an attractive investment for developers seeking a high-return project. The existing infrastructure significantly reduces development time and costs, making this an ideal opportunity for immediate development and return.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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