Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Commercial real estate

    3768 Challenger Ave NE, Roanoke, VA 24012

    1.96 ac lot
    Entity Owned
    Property ID
    US87-0516518
    3768 Challenger Ave NE, Roanoke, VA 24012 For Sale
    $975,000
    3768 Challenger Ave NE, Roanoke, VA 24012
    View Listing →
    Property summary
    AI-generated overview

    This exceptional 1.96-acre commercial land parcel presents a rare opportunity for development in a high-traffic area of Roanoke, Virginia. Located at 3768 Challenger Ave NE, this C-1 zoned property boasts significant road frontage on Challenger Avenue (Route 460), ensuring exceptional visibility and accessibility. The site benefits from its proximity to major retailers and restaurants, including a newly opened Starbucks, Kroger, Walmart, Lowe's, Chick-fil-A, and CVS, creating a strong retail environment. The property's location offers convenient access to key transportation arteries, situated just 1.5 miles from Cloverdale Road, providing easy connections to I-81 and 220N. Furthermore, downtown Roanoke is only 3.5 miles away. With an impressive average annual daily traffic count of 35,000 vehicles, this site offers unparalleled exposure for any commercial venture. The asking price is $595,000, and the APN is 050.05-01-24.00-0000. This is an ideal location for a restaurant, fast food establishment, or other commercial development seeking high visibility and convenient access in a thriving area.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.96 ac (85,378 SF)
    APN 050.05-01-24.00-0000
    UPID US87-0516518
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Chick Fil A INC
    Chick Fil A INC
    since 2025
    3 recorded transactions
    2025
    $525,000
    2025
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message