506 1st St SW - Commercial LAND FOR SALE


Roanoke, VA 24011- Downtown Roanoke City5,780 SF
$150,000 USD
800-551-3588
506 1st St SW, Roanoke, VA for Sale
$150,000 USD
Commercial LAND - FOR SALE
1/4
5,780 SF

506 1st St SW
Roanoke, VA 24011
Downtown Roanoke City


OVERVIEW

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

FOR SALE DETAILS

PRICE

$150,000 USD

PRICE/ACRE

$1,130,497/AC

PRICE/SF

$26 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Valuable Parking Lot in Downtown Roanoke

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.13 AC

LAND SF

5,780 SF

OFFSITE IMPROVEMENTS

-

ZONING

D

APN/PARCEL ID

1012702

ASK ABOUT THIS PROPERTY

James WoltzWoltz & Associates Inc.More Info
800-551-3588

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James WoltzWoltz & Associates Inc.More Info
800-551-3588

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.