2001 Memorial Ave SW
- Established Raleigh Court/Grandin-area location
- Existing in-place income from two current tenants
- Prominent corner positioning with strong neighborhood visibility
- Minutes from Grandin Village, Franklin Road, and downtown Roanoke
- Zoned CN
- Convenient access to major southwest Roanoke corridors and the broader Roanoke market
Property Description
Presented for sale exclusively by Cooper Neblett of Poe & Cronk Real Estate Group -2001 Memorial Ave is an investment opportunity with value-add potential in the established Raleigh Court/Grandin area of southwest Roanoke. Situated at the corner of Memorial Avenue and Amherst Street. This property offers investors a well-positioned neighborhood asset with two existing tenants, providing immediate in-place income and a foundation for future upside. The property’s prominent corner setting and desirable in-town location offer convenient access to Grandin Village, Franklin Road, downtown Roanoke, and the surrounding community. With current occupancy in place and potential to enhance the asset, improve income, and capitalize on continued demand for well-located properties in southwest Roanoke, the property presents a compelling opportunity for an investor seeking both stability and value-add potential. Property will be sold "as-is."
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $480,000 |
| No. of Units: | 4 |
| Year Built: | 1925 |
| Lot Size: | 0.12 Acres |
| Opportunity Zone: | No |
| Price per unit: | $120,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout