1526 Franklin RdRoanoke, VA 24016

  • Hospitality properties
  • 2,664 SF
For Sale
$749,000 View listing

Property Details for 1526 Franklin Rd

Year built
1900
Lot size
0.45 AC
Property size (Sq ft)
2,664 SF
Property type
Hospitality properties
Property subtype
Other hospitality properties

Description

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.

1526 Franklin Rd, Roanoke, Virginia

Location Insight

City
Roanoke
County
Roanoke
State
Virginia
Latitude
37.2597
Longitude
-79.9467

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