3659 Orange AveRoanoke, VA 24012

  • Land
  • 1,608 SF
For Sale
$1,500,000 View listing

Property Details for 3659 Orange Ave

Year built
1948
Construction
WOOD FRAME
Lot size
2.97 AC
Property size (Sq ft)
1,608 SF
Zone code
MXPUD
Property type
Land
Property subtype
Commercial land
APN
711-0122
APU
7110122

Description

This exceptional 3.96-acre commercial land parcel in Roanoke, Virginia, presents a unique investment opportunity. Located on Orange Avenue NE (near Highway 460), this property boasts 300 feet of frontage and is zoned MXPUD, allowing for diverse development options. A city-approved site plan is already in place, significantly expediting the development process. The property benefits from high visibility and traffic counts of 39,000 AADT, situated on the "going home" side of Highway 460, ensuring consistent traffic flow. Its convenient location is just ten minutes from downtown Roanoke and surrounded by strong, established retailers. The land is largely flat and easily developable. A significant portion (approximately one acre) is approved for a drive-thru restaurant, offering a compelling opportunity for fast-food or quick-service establishments. The entire 3.96-acre parcel is available for $1,500,000; a smaller, one-acre portion (suitable for a drive-thru) is also available for separate purchase at $799,000. The property's APN is 7110122, 7110106. This is an ideal location for businesses seeking high visibility and convenient access to a thriving community. Don't miss this chance to acquire a prime commercial property in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $201,929
    Hospitality
    $184,966
    Educational
    $153,889
    Medical
    $159,182
    Retail
    $239,384
3659 Orange Ave, Roanoke, Virginia

Location Insight

City
Roanoke
County
Roanoke City
State
Virginia
Latitude
37.3071
Longitude
-79.8874
CBSA code
40220
CBSA name
ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,103
$966,800
-
$966,800
-
$966,800
-
$966,800

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