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0 Challenger - 4618 Huntridge rd - 0 Challenger Ave

13.39 Acres of Commercial Land Offered at $1,975,000 in Roanoke, VA 24012

Investment Highlights

  • AADT 35,000 VPD

Executive Summary

Located on a major commuter route and growth corridor near the intersection of Route 460 E (Challenger Ave) and Route 220 South (Cloverdale Rd) with approximately 13.39 acres available. Excellent location (on the going-to-work side of the highway) adjacent to big box retailers- Walmart and Lowes.
Upcoming VDOT Infrastructure Improvements:
- Enhanced Traffic Flow and Safety: The Virginia Department of Transportation (VDOT) is undertaking significant improvements to the Route 460 corridor between Blue Hills Village Drive and Route 1400 (Avery Row) in Roanoke County, which will directly benefit this area.
- Reconfigured Intersections: Planned upgrades include new intersection designs such as Restricted Crossing U-turns (RCUTs), thru-cut intersections, and displaced left turns, which will optimize traffic movement, reduce risk of traffic incidents, and reduce congestion.
- Improved Accessibility: Notably, the intersection of Huntridge Road (Route 1220) with Route 460 will be re-engineered to reroute traffic making left turns, improving overall traffic flow and providing easier access to the property.
- Design Public Hearing & Community Input: VDOT held a public hearing to discuss these changes, reflecting ongoing efforts to engage the community and ensure efficient traffic management.
The planned improvements are expected to significantly reduce congestion, increase safety, and enhance the overall driving experience along this crucial corridor. This will likely result in increased traffic volumes, benefiting any future development on this property. The proximity to these upgraded intersections also ensures that this property will remain highly accessible and desirable for commercial tenants or developers looking for a strategic location in a growing area.

Property Facts

Price $1,975,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Retail
Total Lot Size 13.39 AC

1 Lot Available

Lot

Price $1,975,000
Price Per AC $147,498
Lot Size 13.39 AC

Description

Located on a major commuter route and growth corridor near the intersection of Route 460 E (Challenger Ave) and Route 220 South (Cloverdale Rd) with approximately 13.39 acres available. Excellent location next to big box retailers- Walmart and Lowes.

zoning

Zoning Code C2C
C2C
  • Listing ID: 31377973

  • Date on Market: 4/1/2024

  • Last Updated:

  • Address: 0 Challenger - 4618 Huntridge rd, Roanoke, VA 24012

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