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Property profile & analytics
OFF-MARKET
Land

0 Cove Rd Roanoke, VA 24017

3.41 ac lot
Property ID
Property summary
AI-generated overview

This exceptional offering presents a rare opportunity to acquire two contiguous commercial land parcels totaling 3.41 acres in the desirable Roanoke, Virginia, market. Located on Cove Rd, zip code 24017, these parcels are identified by APN numbers 036.11-02-04.02-0000 and 036.11-02-04.04-0000 and are offered at a combined asking price of $784,900. The property is privately owned and boasts a C2 commercial zoning designation, opening doors to a wide array of development possibilities. Ideal for ventures such as retail stores, medical or dental practices, professional offices, or even a hotel, this location presents significant potential for enhancing the surrounding area's value. The parcels are situated at the front of the Grand Retreat property, ensuring high visibility and accessibility. This is a unique chance to secure a substantial land holding in a thriving Virginia community, ready for immediate development. The combined acreage provides ample space for a large-scale project or the potential for separate development opportunities. Serious inquiries are encouraged.

Property profile
Verified
Property type Land
Lot 3.41 ac (148,540 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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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