For Sale
$749,000

1526 Franklin RdRoanoke, VA 24016

Turnkey B&B, prime Roanoke location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 2,664 sq ft, three-story bed and breakfast in Roanoke, VA presents a unique investment opportunity. Built in 1900 and renovated in 2009, this property boasts four luxurious en-suite bedrooms, each with a private full bath, and a gourmet kitchen equipped with commercial-grade appliances. An expansive entertainment patio is ideal for gatherings. The property sits on a 0.45-acre lot and includes an adjacent lot at 1530 Franklin Rd SW, offering significant expansion potential. Located at 1526 Franklin Rd SW, 24016, this property enjoys a prime location, within walking distance of downtown Roanoke and Carilion Medical Center. Its MX zoning allows for diverse uses, including continuing the successful bed and breakfast operation, converting to a boutique hospitality concept, developing the adjacent lot, establishing a corporate retreat, or pursuing mixed-use development. The asking price is $749,000 ($281.16/sq ft). This turnkey operation offers immediate cash flow potential and long-term appreciation in a thriving neighborhood. The property's versatility and location provide multiple avenues for return on investment.

Highlights

  • Exceptional 2,664 sq ft, three-story bed and breakfast in Roanoke, VA.
  • Four luxurious en-suite bedrooms, gourmet kitchen with commercial-grade appliances, and expansive entertainment patio.
  • Sits on a 0.45-acre lot with an adjacent buildable lot at 1530 Franklin Rd SW.
  • Prime location near downtown Roanoke and Carilion Medical Center; MX zoning allows for diverse uses.
  • $749,000 asking price ($281.16/sq ft); turnkey operation with immediate cash flow potential.

Property Details for 1526 Franklin Rd

Property type
Hospitality properties, Bed & breakfasts
Square Feet
2,664 SF
Year Built/Renovated
1900/2009
Buildings
1
Stories
3
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Roanoke
County
Roanoke
State
Virginia
Latitude
37.2596577
Longitude
-79.9466733
1526 Franklin Rd, Roanoke, Virginia

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1526 Franklin Rd
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