3768 Challenger Ave NE, Roanoke, VA 24012
For Sale
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.
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
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Costs & Benchmarks
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Risks
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