Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.