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$150,000
506 1st ST
Roanoke, VA 24011
31 days on market
Property Type
Commercial Sale
Year Built
1930
Lot Size
0.13 acres
Garage
—
About This Property
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
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
Property Details
Interior
Exterior & Lot
- Lot Size
- 0.13 acres
- Year Built
- 1930
Location
- County
- City of Roanoke
- ZIP Code
- 24011
Financial
- Listing Terms
- Annual Taxes
- $1,034
Utilities
- Sewer
- None
Schools
Heating
Cooling
Location
Listing Information
- MLS #
- 926792
- Listing Agent
- JAMES L WOLTZ
- Listing Office
- WOLTZ & ASSOCIATES
- Listed Date
- May 23, 2026
Contact Brian Deacon About This Property
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