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
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: 1530 Franklin Road is included in the Sale of 1526 Franklin Road.
More Information MLS# 908327
General Property Description
Construction Status: Completed
Total Acreage: 0.17
Road Frontage: 56
Flood Area: No
Gross Lot SqFt: 7621
On site Parking: Yes
Basement Y/N: Yes
Parking Spaces: 6
Water Class: N/A
Gross Building SqFt: 2720
Lease Available: No
Year Built: 1900
Total Bths: 4.5
Location, Tax & Legal
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
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
Remarks & Misc
Directions: From Downtown Roanoke; Franklin Rd to B&B on Left before bridge.
Limited Service
Not Limited Service: 1
Construction
Wood: 1
Commercial Type
Investment: 1
Views
City: 1
Mountain(s): 1
Sunrise: 1
Business Type
Type of Business (Historical Field): Bed & Breakfast
Sale Includes
Building & Land: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Water Description
Public: 1
Documents Available
Survey: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Roof System
Shingle: 1
Internet Access
Cable: 1
Cur'nt Internet Prov: Cox
Floors
Wood: 1
Topography
Level: 1
Contract Information
Current Price: $637,500
Sold Price: $637,500
List Date: 2024-06-09
Status: Closed
Status Change Info
Ratified Contract Dt: 2025-02-13
Sold Date: 2025-03-31
Sold Price: $637,500
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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