1526 Franklin Rd Roanoke, VA 24016
- Bed & breakfasts
- 2,664 SF
- 0.45 lot acres
Current Use by Public Records
- Black Lantern Inn / Bed & Breakfast
- ESB / Consultant
- Eastwood Construction & Design / General Contractor
Property Details for 1526 Franklin Rd
- Year built
- 1900
- Lot size
- 0.45 lot acres
- Property size
- 2,664 SF
- Property type
- Bed & breakfasts
Description
This exceptional 2,664 sq ft, three-story bed and breakfast in Roanoke, VA presents a unique investment opportunity. Built in 1900 and renovated in 2009, this property boasts four luxurious en-suite bedrooms, each with a private full bath, and a gourmet kitchen equipped with commercial-grade appliances. An expansive entertainment patio is ideal for gatherings. The property sits on a 0.45-acre lot and includes an adjacent lot at 1530 Franklin Rd SW, offering significant expansion potential. Located at 1526 Franklin Rd SW, 24016, this property enjoys a prime location, within walking distance of downtown Roanoke and Carilion Medical Center. Its MX zoning allows for diverse uses, including continuing the successful bed and breakfast operation, converting to a boutique hospitality concept, developing the adjacent lot, establishing a corporate retreat, or pursuing mixed-use development. The asking price is $749,000 ($281.16/sq ft). This turnkey operation offers immediate cash flow potential and long-term appreciation in a thriving neighborhood. The property's versatility and location provide multiple avenues for return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke
- State
- Virginia
- Longitude
- -79.9466733
- Latitude
- 37.2596577
