1526 Franklin RD SW, Roanoke, VA 24016
$637,500
Property Type:
Commercial
Baths:
4.5
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$637,500
List Date:
6/09/2024
Last Modified:
4/03/2025
Overview
Description
Turnkey B&B Investment Opportunity in Prime Roanoke! This meticulously restored 1920s 4BR/4.5BA property includes established business assets and adjacent buildable lot. Award-winning renovation features all-new systems (HVAC, plumbing, electrical), two commercial-grade kitchens, and preserved historic charm. Each guest room offers private bath, while wraparound porch and professional landscaping create impressive curb appeal. Proven income history with strong corporate/tourist clientele. Property includes furniture, fixtures, equipment, website, and booking systems. Walking distance to downtown, Carilion Medical, shopping, and dining. Updates include stone parking area, restored rock walls, and custom lighting. Continue successful B&B operation or explore other commercial ventures.
Supplements:
Listing Details MLS# 908327
Location, Tax & Legal
- Area
- 0130 - City of Roanoke - SW
- Street Number
- 1526
- Street Name
- Franklin
- Street Suffix
- RD
- Street Direction Sfx
- SW
- State/Province
- VA
- Zip Code
- 24016
- Municipality
- City of Roanoke
- Major Area
- 01 - City of Roanoke
- Legal
- PT LTS 4 & 5 BLK 5 O S SEC S W 4 + PARCEL A BLK 5 O S SEC SW 4
- Tax ID
- 1031206, 1031207
- Annual Taxes
- 5266
- Zoning Code
- MX
General Property Description
- Construction Status
- Completed
- Year Built
- 1900
- Total Acreage
- 0.17
- Road Frontage
- 56
- Flood Area
- No
- Gross Lot SqFt
- 7621
- On site Parking
- Yes
- Parking Spaces
- 6
- Gross Building SqFt
- 2720
- Lease Available
- No
- Basement Y/N
- Yes
- Total Bths
- 4.5
- Water Class
- N/A
Status Change Info
- Ratified Contract Dt
- 2025-02-13
- Sold Date
- 2025-03-31
Business Type
- Type of Business (Historical Field)
- Bed & Breakfast
Internet Access
- Cur'nt Internet Prov
- Cox
- Cable
- Yes
More Information
Remarks & Misc
- Directions
- From Downtown Roanoke; Franklin Rd to B&B on Left before bridge.
Limited Service
- Not Limited Service
- Yes
Construction
- Wood
- Yes
Commercial Type
- Investment
- Yes
Views
- City
- Yes
- Mountain(s)
- Yes
- Sunrise
- Yes
Sale Includes
- Building & Land
- Yes
Heating
- Heat Pump
- Yes
Cooling
- Heat Pump
- Yes
Water Description
- Public
- Yes
Documents Available
- Survey
- Yes
Sewer Description
- Public Sewer
- Yes
Manufactured Homes
- No HUD Tag
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Electric
- Yes
Roof System
- Shingle
- Yes
Floors
- Wood
- Yes
Topography
- Level
- Yes
Property Features
Limited Service:
Not Limited Service
Commercial Type:
Investment
Sale Includes:
Building & Land
Construction:
Wood
Roof System:
Shingle
Heating:
Heat Pump
Cooling:
Heat Pump
Floors:
Wood
Manufactured Homes:
No HUD Tag
Water Description:
Public
Sewer Description:
Public Sewer
Water Heater Type:
Tank
Water Heater Energy:
Electric
Internet Access:
Cable
Documents Available:
Survey
Topography:
Level
Views:
Mountain(s); Sunrise
Listing Office:
LPT REALTY LLC
Last Updated: April - 03 - 2025
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