1325-1327 Clarke Ave SW, Roanoke, VA 24016

Cushman & Wakefield | Thalhimer is pleased to present 1325-1327 Clarke Avenue SW, a rare multifamily development opportunity in Roanoke's historic Old Southwest neighborhood.

The offering consists of two contiguous parcels totaling approximately ±15,000 square feet and zoned RM-2. The RM-2 district generally permits one dwelling unit per 1,000 square feet of lot area, creating a path to meaningful residential density subject to H-2 Historic Overlay District requirements and site planning considerations.

The property is further enhanced by a recently renovated ±1,152 square foot carriage house featuring a 2-bedroom, 1-bathroom townhome-style floorplan. Positioned in the corner of the site, the carriage house offers immediate income potential while preserving flexibility for future development.

Located between Downtown Roanoke and the Carilion Clinic / Virginia Tech Health Sciences campus, the property benefits from proximity to major employment centers, healthcare, education, dining, entertainment, and outdoor recreation. Rear alley access, mature tree canopy, and the character of the surrounding historic neighborhood further distinguish the site from typical infill opportunities.

Whether pursuing a boutique multifamily project, townhome development, or long-term land investment strategy, 1325-1327 Clarke Avenue SW offers a compelling combination of location, scale, existing income, and development potential within one of Roanoke's most desirable urban neighborhoods.