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525 Orange Ave 2,200 SF Retail Building Roanoke, VA 24016 $926,836 CAD ($421.29 CAD/SF)


Investment Highlights
- Located in a federally designated Opportunity Zone
- 0.3 miles from Interstate 581 for regional connectivity
- High visibility with 39,000 weekday traffic count
- ±190 feet of frontage on Orange Avenue with two curb cuts
- Surrounded by national retailers and hospitality brands
- Strong demographics with over 143,000 residents nearby
Executive Summary
Positioned along the high-traffic corridor of Orange Avenue, this 2,200-square-foot free-standing retail building offers a rare opportunity for owner-users or investors seeking visibility and accessibility in the heart of Roanoke. Located just 0.3 miles east of Interstate 581, the property benefits from ±190 feet of frontage and two generous curb cuts, ensuring seamless ingress and egress for customers and deliveries. The site spans 0.43 acres and is zoned CG by the City of Roanoke, supporting a wide range of commercial uses.
The property sits within a federally designated Opportunity Zone, presenting potential tax advantages for qualifying buyers. With an annual average weekday traffic count of 39,000 vehicles, the location is primed for retail success. Nearby developments such as Starbucks, Dunkin’ Donuts, and Holiday Inn Express reflect the area’s ongoing commercial momentum. The Berglund Center and Performing Arts Theater are also within close proximity, drawing consistent foot traffic and enhancing the property's appeal.
Demographic data reveals a strong consumer base, with over 143,000 residents and 164,000 daytime employees within a five-mile radius. Average household incomes in the area exceed $85,000, supporting a robust retail environment. Built in 1990, the building offers a solid foundation for customization or immediate occupancy.
The property sits within a federally designated Opportunity Zone, presenting potential tax advantages for qualifying buyers. With an annual average weekday traffic count of 39,000 vehicles, the location is primed for retail success. Nearby developments such as Starbucks, Dunkin’ Donuts, and Holiday Inn Express reflect the area’s ongoing commercial momentum. The Berglund Center and Performing Arts Theater are also within close proximity, drawing consistent foot traffic and enhancing the property's appeal.
Demographic data reveals a strong consumer base, with over 143,000 residents and 164,000 daytime employees within a five-mile radius. Average household incomes in the area exceed $85,000, supporting a robust retail environment. Built in 1990, the building offers a solid foundation for customization or immediate occupancy.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
B
Year Built
1990
Price
$926,836 CAD
Price Per SF
$421.29 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
CG
Parking
15 Spaces (6.82 Spaces per 1,000 SF Leased)
Frontage
175’ on Orange Ave
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3020801 | Improvements Assessment | $321,990 CAD |
| Land Assessment | $231,366 CAD | Total Assessment | $553,355 CAD |
Property Taxes
Parcel Number
3020801
Land Assessment
$231,366 CAD
Improvements Assessment
$321,990 CAD
Total Assessment
$553,355 CAD
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