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0 Cove
Roanoke, VA 24017
2 Parcels +/- 3.5 AC each · Land For Sale
·
3.41 AC
INVESTMENT HIGHLIGHTS
- 15 minutes from Downtown Roanoke; 25 minutes from Blacksburg/Christiansburg
- 2 minutes to I-81
- Beautiful rural setting with mountain views
EXECUTIVE SUMMARY
The two lots are on both sides as you drive into the fully leased Grand Retreat Property just off Cove Road in Roanoke County. Owner/Developer is looking for a commercial development here that will complement its fully leased apartment complex.
Note: One of these two parcels (3.41 AC) is under contract and in its feasibility stage; the other is still available.
Note: One of these two parcels (3.41 AC) is under contract and in its feasibility stage; the other is still available.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 3.41 AC |
| Property Type | Land | Cross Streets | Grand Retreat |
| Property Subtype | Commercial | Opportunity Zone |
Yes
|
| Zoning | C2 - Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 3.41 AC |
| Cross Streets | Grand Retreat |
| Opportunity Zone |
Yes |
| Zoning | C2 - Commercial |
1 LOT AVAILABLE
Lot Tr 1B, 1C
| Price | $784,900 | Lot Size | 3.41 AC |
| Price Per AC | $230,175.95 |
| Price | $784,900 |
| Price Per AC | $230,175.95 |
| Lot Size | 3.41 AC |
2 outparcel lots for sale: 3.41 AC - $784,900 - *Under Contract* 3.31 AC - $761,600
DESCRIPTION
These are two prime pieces of developable land one of the premier apartment developments in Roanoke County. Owned by Edward Rose Properties, the owner is looking for a commercial/business development on these sites that will complement its residential apartment complex: restaurant, hotel, and retail stores.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,159,700 | Total Assessment | $1,159,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,159,700
Improvements Assessment
$0
Total Assessment
$1,159,700
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