105-Unit Multifamily Conversion | Roanoke, VA
Former Hospitality Property | Special Use Permit Approved
Marketing description
Cushman & Wakefield | Thalhimer, as sole representative of the Owner, is pleased to present 6520 Thirlane Road, a 105-unit multifamily redevelopment opportunity in Roanoke County, Virginia.
The property consists of a former 120-key hotel on 3.345 acres with 43,465 SF of existing improvements across two two-story lodging buildings and a support building. The Roanoke County Board of Supervisors approved a Special Use Permit on October 28, 2025 allowing conversion to up to 105 multifamily units, providing a clear entitlement framework for redevelopment.
Located in the North Roanoke County corridor with direct access to I-581, the site is minutes from downtown Roanoke and major employment centers including Carilion Clinic, Wells Fargo’s operations campus, and the Virginia Tech Carilion Innovation Corridor.
Recent hotel-to-multifamily conversions in the Roanoke market, including View at Blue Ridge Commons (338 units) and Heights at Gateway Park (88 units), demonstrate strong demand for adaptive reuse projects and continued growth in the region’s rental housing market.
Investment highlights
• Special Use Permit approved for up to 105 multifamily units (Oct. 28, 2025)
• Former 120-key hotel with 43,465 SF of existing improvements
• Two 60-key lodging buildings well suited for efficiency apartment conversion
• 3.345-acre site with existing parking and utilities in place
• Concept redevelopment plan prepared by Balzer & Associates
• Development to occur in substantial conformance with approved concept plan
• Located in the North Roanoke County commercial corridor with immediate I-581 access
• Proven hospitality-to-multifamily conversion market in Roanoke
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