0 Cove Rd Roanoke, VA 24017
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.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.