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Other industrial properties
VA
Roanoke
24016
434 Church SW Ave

Property profile

434 Church SW Ave Roanoke, VA 24016

OFF-MARKET

Other industrial properties

Property ID

US87-0811565

3,264 SF 0.18 ac lot Built 1940

Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity

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The Roanoke column stage is a historic commercial building with an overall area of approximately 7,633 square feet. Originally constructed as a community hall, it was later converted to a nightclub configuration in 2018, with an indicated maximum occupancy of 427 (as compared to an original community-hall occupancy of approximately 200). The building is configured for live music and restaurant use, featuring high ceilings and a completely renovated kitchen. Substantial code-related upgrades have been made to meet ADA, sprinkler, fire/safety, and electrical standards. The interior includes a professionally specified sound and lighting setup and is equipped with furniture and kitchen appliances, including newly installed hood systems. The property is served by existing branding elements such as name/logo/signage and a website design, and it is characterized by its ability to function as a combined live music and food service venue; any lease or operating dates are not reflected in this profile.

Property type Other industrial properties

Use group MIXED USE (COMMERCIAL/INDUSTRIAL)

Year built 1940

Construction TYPE NOT SPECIFIED

Total area 3,264 SF

Lot 0.18 ac (7,627 SF)

Zoning code D

APN 101-1901

UPID US87-0811565

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Bar & Pub Nightclub

434 Church SW Ave Roanoke, VA 24016-5010

Roanoke metro Census 1100 ROANOKE, VA METROPOLITAN STATISTICAL AREA

Google Maps

AI Approach AI

$325k

CAP Approach CAP

$625k

Comparable Approach Comparable

$544k

Blend (final) Blend

$325k

since 2017

5 recorded transactions

2017

$288,000

2017

Price N/A

2015

$260,000

2015

$310,000

1969

Price N/A

Zoning description

planting size as listed in £ection 36.2 642. 201 7 Zoning Amendments 5.23.18. 40 (dsD_ Standards in the CN and D Districts. Any gasoline station located in the Commercial-Neighborhood District (CN) or Downtown District (…

General category COMMERCIAL

Top alternative use upside

Medical building $645,000 +87.3%

Comparables

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