506 1st St SW - Valuable Parking Lot in Downtown Roanoke 0.13 Acres of Commercial Land Offered at $205,065 CAD in Roanoke, VA 24011

Auction Property: The listing price of this property may not reflect finals sale price. The property will be sold by sealed bid auction on June 16, 2026. Positioned in one of the most active pockets of downtown Roanoke, this 16-space parking lot presents a rare opportunity to secure a highly sought-after asset. Located directly across from popular destinations like Sidecar, Martin’s Downtown Bar & Grill, and Jaybird Tavern, the lot benefits from steady foot traffic throughout the day and a strong evening crowd. This central positioning makes it an ideal fit for both investors and business owners. Each of the 16 spaces is currently leased at $60 per month, providing consistent, in-place income from day one. Whether you're looking to add a straightforward, income-generating property to your portfolio or secure dependable parking in a constrained downtown market, this offering checks both boxes. With limited parking availability and continued demand in downtown Roanoke, opportunities like this are increasingly hard to find. Visit Woltz.com for bidder packets and more information, or call Woltz & Associates at (540) 342-3560