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2719 Colonial Ave SW 2,429 SF Office Building Roanoke, VA 24015 $555,000 ($228.49/SF)
Investment Highlights
- Heavy Traffic Area
Executive Summary
Positioned in one of Roanoke's established corridors, this mixed-use opportunity offers a rare combination of an existing commercial structure with additional land for expansion, parking, or future development. The building, currently operating as a daycare, features approximately 1,334 sq ft above grade with a functional lower level, allowing for flexible business use or potential conversion. Included are three adjacent parcels totaling approximately 0.74 acres, currently utilized for parking. Zoned MX, the lots offer added flexibility for expansion, redevelopment, or long-term investment. Conveniently located near Towers Shopping Center, Virginia Western Community College, and US-220. Seller is open to selling individually or as a combined package with RVAR MLS#927403 1.25 acre r-7 Lot
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,429 SF
Building Class
C
Year Built
1962
Price
$555,000
Price Per SF
$228.49
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,215 SF
Building FAR
0.30
Lot Size
0.19 AC
Zoning
MX - Parking Lot includes 3 parcels of land totaling .74 acres zoned R-7 Additional Lots Tax ID#s: 126-0807, 126-0806 and 126-0805
Parking
15 Spaces (6.18 Spaces per 1,000 SF Leased)
Amenities
- Day Care
- Reception
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Tlk
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Tlk | Health Care and Social Assistance | - | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 126-0808 | Improvements Assessment | $117,000 |
| Land Assessment | $64,400 | Total Assessment | $181,400 |
Property Taxes
Parcel Number
126-0808
Land Assessment
$64,400
Improvements Assessment
$117,000
Total Assessment
$181,400
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2719 Colonial Ave SW
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