4201 Salem TpkeRoanoke, VA 24017

This exceptional 4.87-acre property in Roanoke, VA (APN 6050217), presents a compelling development opportunity. Located at 4201 Salem Turnpike NW, approximately 200 feet west of Route 117 (Peters Creek Road), this tract boasts 872 feet of road frontage and comprises 17 parcels. Two parcels, zoned CN, are currently leased to a used vehicle business. The remaining 15 parcels are zoned R-5 Residential, offering 50-foot wide lots with depths ranging from 222 to 275 feet, except for two corner parcels measuring 122 and 50 feet wide. The property's location allows for the development of lower-cost residential properties, mirroring the adjacent neighborhood. While some rezoning may be required, existing infrastructure is readily available. Utilities, including electricity, water, and sewer, are accessible to the commercial parcels and along the street for the residential parcels. This versatile land offers significant potential for both residential and commercial development, making it an attractive investment opportunity. The asking price is $270,000. This property is ideal for developers seeking a mixed-use project or a large-scale residential development.