1526 Franklin RdRoanoke, VA 24016

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

Bed & breakfasts

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.

Location Insight

City

Roanoke

County

Roanoke

State

Virginia

Latitude

37.2597

Longitude

-79.9467

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