Roanoke, Virginia, offers a unique opportunity for investors to capitalize on the city's growing economy and diverse landscape. With 23 commercial land listings available for sale, Roanoke presents an attractive option for those looking to invest in commercial property. Commercial land in Roanoke can represent a wide range of investment opportunities, from retail and office spaces to industrial and agricultural uses. As a hub for healthcare, utilities, and arts and culture, Roanoke's economy is driven by a diverse range of industries, making it an attractive location for businesses and investors alike. The city's infrastructure, including Interstate 581, U.S. Route 220, and the Roanoke–Blacksburg Regional Airport, provides easy access to major markets and transportation hubs. Additionally, Roanoke's amenities, such as Carilion Clinic and Lewis-Gale Medical Center, Highland Park, and Elmwood Park, make it an attractive location for businesses and residents. With its rich history, outdoor recreational opportunities, and cultural attractions, Roanoke is an ideal location for businesses and investors looking to establish a strong presence in Southwest Virginia.
Roanoke's commercial land market offers a unique blend of opportunities, with properties ranging from square feet to 0 square feet. With an average price per square foot of and an average cap rate of , commercial land in Roanoke presents a compelling investment opportunity. The city's diverse economy, infrastructure, and amenities make it an attractive location for businesses and investors. Additionally, Roanoke's proximity to major markets, including Washington, D.C., and the Virginia–North Carolina border, makes it an ideal location for businesses looking to expand their reach. With its rich history, cultural attractions, and outdoor recreational opportunities, Roanoke is a city that offers something for everyone, making it an attractive location for businesses and investors alike.
What are common commercial uses for land in the Roanoke market?
Commercial land in Roanoke is often utilized for a variety of purposes, including retail developments, office spaces, and healthcare facilities, taking advantage of the city's strong economy and growing population of around 100,000 residents. With 23 available listings of commercial land, investors and developers can find opportunities to capitalize on Roanoke's strategic location, which offers easy access to major transportation hubs, including Interstate 581, U.S. Route 220, and the Roanoke–Blacksburg Regional Airport.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Roanoke, there are several common ways to do so. For instance, investors can opt for a cash purchase, negotiate a seller-financed deal, or explore financing options through a commercial lender, as outlined in our article on how to buy land, which provides a comprehensive guide to investing in land.
