1526 Franklin RD SW, Roanoke, VA 24016

$637,500

Virtual Tour

https://rapidimagery.hd.pics/1526-Franklin-Rd-SW/idx

High Ceilings and Beautiful Architecture

View of 3 Guest Suites and Full Bathroom

View of Dining Area and Merchandise Nook

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: 1530 Franklin Road is included in the Sale of 1526 Franklin Road.

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

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

More Information

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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