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Commercial Land for Sale in Roanoke, Virginia

506 1st St SW, Roanoke, VA 24011

$150,000
0.13 acres
Active sale
ago
Est $1,097/mo

Auction Property: List price is required by MLS and does not reflect final sales price. Perfectly positioned in the heart of downtown Roanoke, this parking lot will be offered at auction on June 16th, 2026. Opportunities like this don't come around often. Private parking in a high-traffic, downtown location is limited, and demand continues to grow. The property sits directly across from Sidecar, Martin's Downtown Bar & Grill, and Jaybird Tavern, putting this lot right in the middle of consistent daily and nightlife traffic. All 16 spaces are currently on a month-to-month private lease for $60 per spot, per month, offering immediate income for an investor or a practical solution for a business owner needing dedicated parking. Downtown Roanoke isn't getting more parking, supply is low...co If you've been looking for a simple, income-producing asset or a way to control your own parking in a tight market, this is one worth paying attention to. According to plat surverys, this property has been a vacant lot since 1930. For more information visit or call Woltz & Associates Inc.

Location

Street address
506 1st St SW
Elevation
944 feet
Coordinates
37.2696, -79.9421

Directions

Adjecent from Martin's Restaurant in Downtown Roanoke.

Property details

Lot size
0.13 acres5,663 sq ft
MLS #
RVAR 926792
Posted

Property taxes

Recent
$1,034

Parcels

  • 101-2702

Legal description

Listing history

DateEventPriceChangeSource
Apr 22, 2026New listing$150,000RVAR
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This 0.13-acre property is located at 506 1st St SW in Roanoke, VA 24011. The property is available for sale for $150,000.

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