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    OFF-MARKET
    Land

    3810 Tall Pne Ln, Roanoke, VA 24014

    59.34 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Land
    Lot 59.34 ac (2,584,850 SF)
    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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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