2941 Peters Creek Rd Roanoke, VA 24019
This exceptional 2-acre commercial land parcel presents a unique investment opportunity in Roanoke, Virginia. Strategically located at 2941 Peters Creek Road, this property boasts excellent visibility and accessibility, directly fronting a major north-south thoroughfare. Its proximity to Interstate 581 ensures convenient access to regional transportation networks. The lot is situated adjacent to the recently constructed CarMax location, benefiting from the established commercial presence in the immediate vicinity. The property's zoning is currently designated CG(c), a classification established in 1995. The previous use of the land was for manufactured home sales, offering potential for a variety of commercial developments. This single-tenant property presents a blank canvas for developers seeking a high-traffic location with significant growth potential. The site's size and location make it ideal for a range of commercial ventures, capitalizing on the strong commercial activity along Peters Creek Road and the easy access to I-581. Detailed zoning information and development possibilities are available upon request. This is a rare opportunity to acquire a prominent commercial land parcel in a thriving Roanoke location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.