6520 Thirlane Rd 118 Pièce Hôtel Roanoke, VA 24019 3 099 375 $ CAD (26 266 $ CAD/Pièce)

6520 Thirlane Road presents a unique redevelopment opportunity in the Roanoke MSA for multifamily investors and developers seeking a ready-to-execute adaptive reuse project. This ±3.35-acre site, formerly operating as a 120-room motel, has secured a special use permit authorizing conversion to up to 105 multifamily units. Located along Peters Creek Road with nearly 300 feet of frontage and excellent access to Interstate 81 and U.S. Route 220, the property benefits from strong regional connectivity and a robust local employment base.
The approved redevelopment plan includes substantial renovations aligned with county standards. Planned improvements encompass enhanced site infrastructure with expanded parking (from 90 to approximately 159 spaces), upgraded landscaping, modern lighting, security enhancements, and amenities such as a leasing office and laundry facilities. The concept supports workforce housing, focusing on efficiency and one-bedroom layouts targeted for working households in the region. This site offers significant potential for developers to capitalize on high housing demand within a growing metro anchored by healthcare, education, and manufacturing employers. With key entitlements in place, 6520 Thirlane Road provides a strategic market entry point for value-add investors or housing developers ready to implement a strong execution plan.