Property profile

3768 Challenger Ave NE Roanoke, VA 24012

FOR SALE
Land
Property ID
US87-0516518
1.96 ac lot
Entity Owned
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3768 Challenger Ave NE, Roanoke, VA 24012 For Sale
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3768 Challenger Ave NE, Roanoke, VA 24012
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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 Land
Lot 1.96 ac (85,378 SF)
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

Location

3768 Challenger Ave NE Roanoke, VA 24012
Roanoke metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
3 recorded transactions
2025
$525,000
2025
Price N/A
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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