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0 Orange Ave Ne

5.1 Acres of Commercial Land Offered at £517,022 in Roanoke, VA 24012

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Executive Summary

Located in the heart of the Roanoke Valley, this 5.1 acre site in the 3500 block of Orange Avenue is a prime development opportunity. It is situated in a vibrant retail and commercial corridor near the Roanoke Centre for Industry & Technology. Leading companies in RCIT include Advance Auto Parts, Bimbo Bakeries, Eaton, Elizabeth Arden, Fed Ex Ground, Orvis and Amazon. The area continues to attract residential development with a 758-unit apartment complex having been approved. The Annual Average Daily Traffic count along Orange Avenue is approximately 38,000 vehicles per day. The current Roanoke City zoning is RM-2 which permits residential and some commercial uses. This parcel can be purchased with an adjoining 3.93 acres in an additional four parcels which is also listed for sale by Hall Associates, Inc.

Property Facts

Price	£517,022	Property Subtype	Commercial
Sale Type	Investment	Total Lot Size	5.10 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land

Price	£517,022
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	5.10 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	£517,022	Lot Size	5.10 AC
Price Per AC	£101,377

Price	£517,022
Price Per AC	£101,377
Lot Size	5.10 AC

Approximately 5.10 acres of land zoned RM-2 located on Orange Avenue near Roanoke Centre for Industry. Sale is subject to exercising timber rights. No utility connections on site.

Description

Located in the heart of Roanoke, Virginia, this 5.1-acre site on the 3500 block of Orange Avenue is a prime development opportunity. Situated near the highly developed retail and commercial area of Roanoke Centre for Industry, this property offers immense potential for commercial development. Surrounded by well-established businesses such as Planet Fitness, HoneyTree Learning Center, Burger King, and Dunkin Donuts, this site benefits from a bustling neighborhood and high foot traffic. The Annual Average Daily Traffic count in the area is approximately 38,000, ensuring great visibility and exposure for any future venture. Zoned RM-2 and situated in an "Opportunity Zone," this property presents a fantastic chance for investors and developers. With its strategic location and potential for commercial development, this land offers endless possibilities. Don't miss out on this incredible opportunity. Contact us today to learn more about this 5.1-acre site on Orange Avenue and make it the cornerstone of your next successful venture in Roanoke, Virginia.

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