506 1st St Sw, Roanoke, VA 24011

Property Description

Auction Property: List price is required by MLS and does not reflect final sales price. Perfectly positioned in the heart of downtown Roanoke, this parking lot will be offered at auction on June 16th, 2026. Opportunities like this don't come around often. Private parking in a high-traffic, downtown location is limited, and demand continues to grow. The property sits directly across from Sidecar, Martin's Downtown Bar & Grill, and Jaybird Tavern, putting this lot right in the middle of consistent daily and nightlife traffic. All 16 spaces are currently on a month-to-month private lease for $60 per spot, per month, offering immediate income for an investor or a practical solution for a business owner needing dedicated parking. Downtown Roanoke isn't getting more parking, supply is low...co If you've been looking for a simple, income-producing asset or a way to control your own parking in a tight market, this is one worth paying attention to. According to plat surverys, this property has been a vacant lot since 1930. For more information visit woltz.com or call Woltz & Associates Inc. at (540) 342-3560