Orange Ave Roanoke, VA 24012
- Land
- 3.93 lot acres
Current Use by Public Records
- Land
Property Details for 0 Orange Ave
- Lot size
- 3.93 lot acres
- Property type
- Land
Description
This 3.93-acre site, located in Roanoke, Virginia's vibrant 3500 block of Orange Avenue, presents a compelling development opportunity. Situated in a thriving retail and commercial corridor near the Roanoke Centre for Industry & Technology (RCIT), this property boasts exceptional visibility and accessibility. Prominent businesses such as Advance Auto Parts, Bimbo Bakeries, Eaton, Elizabeth Arden, FedEx Ground, Orvis, and Amazon are located within the RCIT, underscoring the area's economic strength. The site's strategic location benefits from high traffic volume, with an annual average daily traffic count of approximately 38,000 vehicles on Orange Avenue. Further enhancing its potential, a 758-unit apartment complex has recently been approved nearby, indicating strong residential growth in the area. Currently zoned RM-2 by Roanoke City, the property allows for both residential and select commercial uses, offering flexibility for diverse development plans. The parcel's APN is 7100706, 7100707, 7100708, and 7100709. The asking price is $335,000. An adjacent 5.1-acre parcel is also available for purchase. This property is ideal for developers seeking a strategic location with significant growth potential in a dynamic market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke
- State
- Virginia
- Longitude
- -79.8908
- Latitude
- 37.3049
