Priced to Sell in NW Roanoke
Essex Avenue Nw : Roanoke, VA 24017
Roanoke City County, Virginia
Lot Description
Unbeatable Equity Opportunity in Roanoke City - Priced Well Below Tax Assessment for a Quick Sale.
Investors, builders, and future homeowners-take immediate notice. This 0.15-Acre build-ready lot on Essex Avenue NW is being offered at just $10,500. With the city's official 2026 Tax Assessment recently valued at $15,100, this property offers nearly $5,000 in immediate, built-in equity from day one.
The standout feature of this parcel is its 100% level topography. In a region known for its rolling hills and difficult terrain, finding a completely flat, cleared urban infill lot is a massive advantage. A level footprint means significantly lower excavation, site preparation, and foundation costs-allowing you to break ground quickly while keeping your development budget in check.
Property Features & Highlights:
Price: $10,500 (Firm - priced significantly below market value)
Acreage: 0.15 Acres (Approx. 6,534 sq. ft.)
Zoning: Rm-1 (Residential Mixed Density) - Ideal for a custom single-family home or a high-demand rental investment.
Topography: 100% level, cleared, and ready for construction.
Utilities: Public water, municipal sewer, and electricity are directly available at the street.
Location Advantages: Situated in an established Melrose-area neighborhood with seamless access to downtown Roanoke, I-581, local transit, and community amenities.
Whether you are looking to build an affordable rental unit, construct a new primary residence, or simply "buy and hold" a highly appreciating asset, this property represents the best value on the Roanoke market today.
Legal Information: Parcel ID / Tax Map : 2323007
Legal Description: Lot 7, Section 84
Location: 0 Essex Ave NW, Roanoke, VA 24017
Clean title and up-to-date 2026 tax records are ready for a smooth, straightforward transaction. Drive by the property anytime to view the location and boundary layout.
Directions to Lot
Directions to Property: From downtown Roanoke, take I-581 N to exit 4E for Orange Ave / US-460 E. Turn right onto Orange Ave NW, then turn right onto 11th St NW. Take a right onto Melrose Ave NW, then a left onto 24th St NW. Turn left onto Essex Ave NW. The lot is located on the right side of the street between 24th St NW and 23rd St NW. Look for the vacant, level lot across from the residential homes. You can also plug coordinates or "0 Essex Ave NW" into your GPS to navigate directly to the parcel boundary.
