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    FOR SALE
    Commercial real estate

    1411 24Th St NE, Roanoke, VA 24012

    8.32 ac lot
    Property ID
    US87-1300000
    Property summary
    AI-generated overview

    This exceptional 8.32-acre commercial development site in Roanoke, Virginia, presents a unique investment opportunity. Located at 1411 24th St NE, zip code 24012, this property boasts an ideal location along one of the busiest roadways in the Roanoke Valley, with over 30,000 vehicles passing daily. The land is zoned R-5, offering significant development potential. Its gently sloping terrain and distinctive peninsula shape provide convenient access from both Hwy 460 (over 600 feet of frontage) and Daleton Road (over 800 feet of frontage). The asking price is $375,000, translating to a land value of $1.03 per square foot. This prime location is adjacent to a new multifamily development, suggesting strong market demand and potential for synergistic growth. The property's size and strategic positioning make it an attractive prospect for various commercial ventures. This is a rare opportunity to acquire a substantial parcel of land in a high-growth area with excellent visibility and accessibility. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 8.32 ac (362,419 SF)
    UPID US87-1300000
    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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