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Executive Summary

This 4.61 acres site is currently zoned R-5 with a minimum lot size of 5,000 square feet. It is very possible, given the City of Roanoke's desire to increase density within the City limits, that this property could be rezoned to multi-family use.

Property Facts

Price $150,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Single Family Development
Total Lot Size 4.61 AC
Zoning R-5 - Currently R-5 residential with a minimum lot size of 5,000 square feet.

1 Lot Available

Lot

Price $150,000
Price Per AC $32,537.96
Lot Size 4.61 AC

Rolling topography. Public water along Hemlock. Public sewer would need to be brought to site.

Description

This 4.61 acres site is currently zoned R-5 with a minimum lot size of 5,000 square feet. It is very possible, given the City of Roanoke's desire to increase density within the City limits, that this property could be rezoned to multi-family use. Very close proximity to the VA Hospital in Salem. Signalized intersection at Hemlock and Roanoke Boulevard at the VA Hospital.

Fairly walkable
40/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
6040505
Land Assessment
$62,300
Improvements Assessment
$0
Total Assessment
$62,300
  • Listing ID: 32892674

  • Date on Market: 8/20/2024

  • Last Updated:

  • Address: Hemlock Road, Roanoke, VA 24017

Contact the Sale Advisor

Hemlock Road - 4.61 AC City Development Tract

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