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2719 Colonial Avenue
Roanoke, VA 24015
Asking Price
$555K
Asset Type
Creative Office Office
Class
Class B
What's Special
Mixed Used Building + 3 Additional Lots (zoned R-7) <p><span style="color: rgba(0, 0, 0, 1)"> Positioned in one of Roanoke's established corridors, this mixed-use opportunity offers a rare combination of an existing commercial structure with additional land for expansion, parking, or future development. The building, currently operating as a daycare, features approximately 1,334 sq ft above grade with a functional lower level, allowing for flexible business use or potential conversion. Included are three adjacent parcels totaling approximately 0.
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NOI
$80,000
Cap Rate
14.41%
DSCR
2.43
Strong
Cash-on-Cash
28.26%
Monthly Payment
$2,745.837
Annual Cash Flow
$47,049.954
