1330 Courtland RdRoanoke, VA 24012

Property Details for 1330 Courtland Rd

Year built

1961

Construction

TYPE NOT SPECIFIED

Lot size

0.86 AC

Property size (Sq ft)

9,480 SF

Zone code

CG

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

307-0504

APU

3070504

Description

This exceptional 9,480-square-foot free-standing building presents a compelling investment opportunity in Roanoke, Virginia. Located at 1330 Courtland Rd NE, this vacant property boasts a prime location just off Interstate 581, ensuring high visibility and convenient access for both customers and employees. The building is zoned CG, allowing for a diverse range of commercial uses, from retail to office space. Its spacious interior layout offers flexibility for various configurations, catering to a wide array of business needs. The property features ample parking, a significant advantage for attracting customers and ensuring convenient operations. The large storefront windows provide excellent natural light and enhance visibility from the street. This well-maintained structure sits on a 0.86-acre lot (APN 3070504) and offers significant potential for owner-occupiers or investors seeking a high-traffic location in a thriving Roanoke commercial area. The asking price is $1,195,000. This property represents a rare opportunity to acquire a versatile and strategically located commercial space in a desirable market. Its size, location, and zoning make it an ideal choice for a variety of businesses seeking a prominent presence in Roanoke.

• CAP approach

  CAP return

  Valuation

  6%

  $1,289,684

  6.5%

  $1,190,477

  7%

  $1,105,443

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,865,153

  Geo Method

  $3,372,861

• Alternative Use

  Use

  Valuation

  Residential

  $1,190,477

  Hospitality

  $1,090,470

  Educational

  $907,259

  Medical

  $938,461

  Retail

  $1,411,291

Location Insight

City

Roanoke

County

Roanoke City

State

Virginia

Latitude

37.2839

Longitude

-79.9347

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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