506 1st SW ST, Roanoke, VA 24011
506 1st SW ST, Roanoke, VA 24011
506 1st SW ST, Roanoke, VA 24011
506 1st SW ST, Roanoke, VA 24011
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Listed by JAMES L WOLTZ WOLTZ & ASSOCIATES
$ 150,000
Est. payment | /mo

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$ 150,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 926792

HOA Y/N No

Year Built 1930

Annual Tax Amount $1,033

Acres 0.13

Property Sub-Type Commercial

Source Roanoke Valley Association of REALTORS®

Property Description

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 woltz.com or call Woltz & Associates Inc. at (540) 342-3560

Location

State VA

County City Of Roanoke

Area 0.13

Direction Adjecent from Martin's Restaurant in Downtown Roanoke.

Interior

Fireplace No

Exterior

Parking Features On Site

Garage No

Building

Sewer None

New Construction No

Others

Tax ID 101-2702

MLS of Roanoke Valley, Inc. (RVAR) - IDX

Nearby Locations

Jonathan Watts

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(540) 816-7982

[email protected]

422 Campbell Ave SW, Roanoke, VA, 24016-3627, USA

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506 1st SW ST