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Property profile & analytics
OFF-MARKET
Land

0 Cloverdale Rd Roanoke, VA 24019

10.65 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10.65-acre commercial land parcel presents a remarkable development opportunity in Roanoke, Virginia. Located at 0 Cloverdale Road, zip code 24019, this property boasts a highly desirable location with excellent visibility due to its frontage along Highway 220. The land is characterized by its flat topography, simplifying development and minimizing site preparation costs. The asking price is $275,000, translating to a land value of $0.59 per square foot. This strategic location offers convenient access to major thoroughfares including Highway 460 and Interstate 81, providing seamless connectivity to Roanoke, Botetourt County, and Roanoke County. The high traffic count on Highway 220 ensures significant exposure for any future development, making this an ideal site for a variety of commercial ventures. The property's size and location combine to create a compelling investment opportunity with substantial potential for growth and return. This is a rare chance to acquire a sizable, well-situated parcel ready for immediate development in a thriving area.

Property profile
Verified
Property type Land
Lot 10.65 ac (463,914 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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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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