12 Campbell AveRoanoke, VA 24011

Property Details for 12 Campbell Ave

Year built

1905

Construction

TYPE NOT SPECIFIED

Lot size

0.05 AC

Property size (Sq ft)

4,230 SF

Zone code

D

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

401-0308

APU

4010308

Description

This exceptional 4,230 square foot storefront, located at 12 Campbell Ave SE in Roanoke, Virginia (zip code 24011), presents a unique investment opportunity. The Nelson Building, constructed in 1905 and extensively renovated in 2007, boasts a blend of historic charm and modern amenities. The property sits on a 2,190 square foot lot and is zoned D, allowing for versatile use as retail, office, or residential space. The asking price is $775,000, translating to $183.22 per square foot. The building features two stories, with the main level showcasing a spacious retail area, two ADA-compliant restrooms, a kitchen, and a rear staircase. The second floor, accessible via a wide front staircase, offers a large room overlooking Campbell Avenue and ample storage space. The 2007 renovation encompassed a new floor system, storefront glass, stairway, HVAC systems, and electrical upgrades. This vacant property is situated in the heart of Roanoke's historic City Market District, a vibrant area with a growing residential population and thriving tourism sector, supported by numerous hotels and frequent events. The building's prime location and flexible zoning make it an ideal investment for a variety of uses. The property's APN is 4010308.

• CAP approach

  CAP return

  Valuation

  6%

  $575,460

  6.5%

  $531,194

  7%

  $493,251

• Comparable approach

  Method

  Valuation

  Relative Method

  $832,236

  Geo Method

  $1,504,979

• Alternative Use

  Use

  Valuation

  Residential

  $531,194

  Hospitality

  $486,571

  Educational

  $404,821

  Medical

  $418,744

  Retail

  $629,722

Location Insight

City

Roanoke

County

Roanoke City

State

Virginia

Latitude

37.272

Longitude

-79.94

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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