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0 Orange Ave Ne

3.93 Acres of Commercial Land Offered at $335,000 in Roanoke, VA 24012

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Executive Summary

Located in the heart of the Roanoke Valley, this 3.93 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 5.1 acres in an additional parcel which is also listed for sale by Hall Associates, Inc.

Property Facts

Price	$335,000	Property Subtype	Commercial
Sale Type	Investment	Total Lot Size	3.93 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	$335,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	3.93 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	$335,000	Lot Size	3.93 AC
Price Per AC	$85,242

Price	$335,000
Price Per AC	$85,242
Lot Size	3.93 AC

Located in the heart of Roanoke, Virginia, this 3.93-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.

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