2902 Brambleton AveRoanoke, VA 24015

Property Details for 2902 Brambleton Ave

Year built

1946

Construction

WOOD

Lot size

0.31 AC

Property size (Sq ft)

3,912 SF

Zone code

CN

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

165-0702

APU

1650702

Description

This exceptional restaurant opportunity presents a rare chance to acquire a piece of Roanoke history. The Coffee Pot, a 3,912 square foot establishment built in 1936, is listed on both the National Register of Historic Places and the Virginia Landmarks Register. Situated on a 0.31-acre lot at 2902 Brambleton Ave SW, Roanoke, VA 24015, this iconic roadhouse boasts a rich legacy of serving delicious food and hosting renowned musical acts. The asking price is $1,975,000, translating to $504.86 per square foot. This turnkey operation offers a unique blend of historical significance and established clientele, presenting a compelling investment opportunity for discerning buyers seeking a well-known and profitable business in a desirable location. The property's prime location and historical significance provide a strong foundation for continued success and potential for growth. This is a truly exceptional opportunity to own a piece of Roanoke's vibrant culinary and musical heritage. The property's size and established reputation make it an attractive investment for those seeking a well-established business with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,085,400

  6.5%

  $1,001,910

  7%

  $930,342

• Comparable approach

  Method

  Valuation

  Relative Method

  $794,499

  Geo Method

  $1,436,740

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $490,687

  Mixed-Use / Specialty

  $470,746

  Hospitality / Lodging

  $321,686

  Office

  $449,001

  Institutional / Educational

  $482,884

  Residential Income

  $564,975

  Multifamily

  $778,453

  Automotive / Energy

  $413,901

  Parking / Income-Based Land

  $160,805

  Restaurant / Food Service

  $206,014

  Healthcare / Senior Housing

  $501,397

Location Insight

City

Roanoke

County

Roanoke City

State

Virginia

Latitude

37.2432

Longitude

-79.9912

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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