1.36 ACRE - DEVELOPMENT PARCEL AVAILABLE NOW

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1 1.36 ACRE - DEVELOPMENT PARCEL AVAILABLE NOW 3911 Challenger Ave, Roanoke, VA SALE PRICE: $599,900 PROPERTY OVERVIEW Commercial developmental land lot consisting of 1.36 acres in prime location off of RT 460 with approx. 36,000 vpd. PROPERTY TYPE: Vacant Land LOT SIZE: 1.36 Acres APN #: ZONING: C-2 PROPERTY FEATURES On Rt. 460 easy access to Interstate 81 Signaled Intersection on high traffic count roadway. Shovel ready site with water and sewer stubbed out to site. 1-1/2 miles from Walmart Surrounded by light industrial and distribution centers, and residential Site development plan in place CROSS STREETS: W Ruritan Road KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director C bplasha@kwcommercial.com KENNETH PARTIN Associate O kennybpart@kwcommercial.com VA # We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

2 LAND FOR SALE 3911 Challenger Ave, Roanoke, VA KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director C bplasha@kwcommercial.com KENNETH PARTIN Associate O kennybpart@kwcommercial.com VA # We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

3 LAND FOR SALE 3911 Challenger Ave, Roanoke, VA PROPERTY OVERVIEW Commercial developmental land lot consisting of 1.36 acres in prime location off of RT 460 with approx. 36,000 vpd LOCATION OVERVIEW Property is located in the Southeast Roanoke, VA submarket on Challenger Ave NE (RT 460) approx 6.5 miles from I-81 HIGHEST AND BEST POSSIBLE USE Excellent Signaled corner location for Retail Development Property site is suitable for a variety of uses KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director C bplasha@kwcommercial.com KENNETH PARTIN Associate O kennybpart@kwcommercial.com VA # We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

4 LAND FOR SALE 3911 Challenger Ave, Roanoke, VA KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director C bplasha@kwcommercial.com KENNETH PARTIN Associate O kennybpart@kwcommercial.com VA # We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

5 LAND FOR SALE 3911 Challenger Ave, Roanoke, VA KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director C bplasha@kwcommercial.com KENNETH PARTIN Associate O kennybpart@kwcommercial.com VA # We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

6 LAND FOR SALE 3911 Challenger Ave, Roanoke, VA Challenger Ave KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director C bplasha@kwcommercial.com KENNETH PARTIN Associate O kennybpart@kwcommercial.com VA # We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

7 LAND FOR SALE 3911 Challenger Ave, Roanoke, VA POPULATION 1 MILE 5 MILES 10 MILES TOTAL POPULATION 3,236 84, ,141 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES TOTAL HOUSEHOLDS 1,367 35,203 94,466 # OF PERSONS PER HH AVERAGE HH INCOME $65,781 $53,649 $55,986 AVERAGE HOUSE VALUE $215,057 $185,015 $211,944 RACE 1 MILE 5 MILES 10 MILES % WHITE 88.4% 83.5% 77.4% % BLACK 6.7% 11.2% 17.9% % ASIAN 2.2% 1.7% 1.6% % HAWAIIAN 0.0% 0.0% 0.0% % INDIAN 0.1% 0.4% 0.2% % OTHER 1.5% 1.3% 1.0% ETHNICITY 1 MILE 5 MILES 10 MILES % HISPANIC 3.2% 4.4% 3.5% * Demographic data derived from 2010 US Census KW COMMERCIAL MID ATLANTIC BILL PLASHA Regional Director C bplasha@kwcommercial.com KENNETH PARTIN Associate O kennybpart@kwcommercial.com VA # We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

8 Summary 1 of 1 11/6/ :58 AM Printable Record Card Condo Info Sales Zoning WebPro Card 1 of 1 Location 3911 CHALLENGER AV Property Account Number Parcel ID Old Parcel ID -- Current Property Mailing Address Owner REBKEE PARTNERS BONSACK LLC City MIDLOTHIAN State VA Address CITY VIEW DR STE 300 Zip Jurisdiction-ZoningCode- County-C2-General DescriptionCommercial Sale Date 4/6/2007 Sale Price 1,000,000 Current Property Sales Information Legal Reference DB Grantor(Seller) DAVIS THOMAS FREDERICK & Current Property Assessment Card 1 Value Year 2013 Building Value 0 Xtra Features Value 0 Land Area AC Land Value 448,300 Total Value 448,300 Narrative Description This property contains AC of land mainly classified as N/A with a(n) N/A style building, built about, having N/A exterior and N/A roof cover, with 0 unit(s), 0 total room(s), 0 total bedroom(s), 0 total bath(s), 0 total half bath(s), 0 total 3/4 bath(s). Legal Description PAR B RESUBD FOR DAVIS & SWORTZEL BONSACK Property Images

9 5/25/2017 CoStar Property 3911 Challenger Ave Roanoke, VA Southeast Roanoke Submarket Land of 1.36 AC Land Type Zoning Land AC Gross 1.36 AC Land AC Net 1.36 AC 2 Star Commercial Land C2 Parcel Taxes $0.08/SF (2014) Walk Score Car Dependent (37) Transit Score Minimal Transit (13) Location Zip Submarket Southeast Roanoke Submarket Cluster Southeast Roanoke Market Roanoke County Roanoke State Virginia CBSA Roanoke, VA DMA Roanoke Lynchburg, VA WV Land SF Gro Land SF Net 59,242 SF 59,242 SF Property Contacts True Owner Larry Lewkow, Llc Demographics 1 Mi 3 Mi Population 3,439 33,286 Households 1,407 13,871 Average Age Median HH Income $71,249 $56,887 Daytime Employees 3,654 14,071 Population Growth '17 '22 2.2% 2.3% Household Growth '17 '22 2.4% 2.3% Traffic Collection Street Cross Street Traffic Vol Year Distance Challenger Ave NE E Ruritan Rd NE 30, mi Orange Ave NE Blue Hills Dr NE W 39, mi Orange Ave NE Granby St NE NE 32, mi Cloverdale Rd Kingsmen Rd SE 14, mi E Washington Ave Halliahurst Ave E 23, mi Made with TrafficMetrix Products Assessment 2016 Assessment Land $448,300 $7.57/SF 102% of last sale Property ID: /2

10 5/25/2017 CoStar Property Building Images Primary Photo Site Plan Southeast Roanoke Submarket Map Roanoke Submarket Overview Map 2/2

11 SEC C-2 HIGH INTENSITY COMMERCIAL DISTRICT. (Ord. No , 1, ) Sec Purpose. (A) The purpose of this district is to provide locations for a variety of commercial and service related activities within the urban service area serving a community of several neighborhoods or large areas of the county. This district is intended for general application throughout the county. High intensity commercial districts are most appropriately found along major arterial thoroughfares which serve large segments of the county's population. The C-2 district permits a wide variety of retail and service related uses. Land uses permitted in this district are generally consistent with the recommendations set forth in the transition and core land use categories of the comprehensive plan. Site development regulations are designed to ensure compatibility with adjoining land uses. (Ord. No , 1, ; Ord. No , 1, ) Sec Permitted Uses. (A) The following uses are permitted by right subject to all other applicable requirements contained in this ordinance. An asterisk (*) indicates additional, modified or more stringent standards as listed in article IV, use and design standards, for those specific uses. 1. Residential Uses Accessory Apartment * Home Beauty/Barber Salon * Home Occupation, Type I * Multi-Family Dwelling * Two-Family Dwelling * 2. Civic Uses Administrative Services Clubs Cultural Services Day Care Center * Educational Facilities, College/University Educational Facilities, Primary/Secondary * Family Day Care Home * Guidance Services Park and Ride Facility * Post Office Page 1

12 Public Assembly Public Parks and Recreational Areas * Safety Services * Utility Services, Minor 3. Office Uses Financial Institutions * General Office Medical Office Laboratories 4. Commercial Uses Agricultural Services * Antique Shops Automobile Dealership * Automobile Repair Services, Minor * Automobile Rental/Leasing Automobile Parts/Supply, Retail * Bed and Breakfast * Boarding House Business Support Services Business or Trade Schools * Commercial Indoor Entertainment Commercial Indoor Sports and Recreation Commercial Outdoor Entertainment Commercial Outdoor Sports and Recreation Communications Services Construction Sales and Services * Consumer Repair Services Convenience Store * Fuel Center* Funeral Services Page 2

13 Garden Center * Gasoline Station * Hospital Hotel/Motel/Motor Lodge Kennel, Commercial * Pawn Shop Personal Improvement Services Personal Services Restaurant, Drive-in or Fast Food * Restaurant, General Retail Sales Studio, Fine Arts Veterinary Hospital/Clinic 5. Industrial Uses Recycling Centers and Stations * 6. Miscellaneous Uses Amateur Radio Tower * Parking Facility * (B) The following uses are allowed only by special use permit pursuant to section An asterisk (*) indicates additional, modified or more stringent standards as listed in article IV, use and design standards, for those specific uses. 1. Civic Uses Adult Care Residences Halfway House Life Care Facility Nursing Home Religious Assembly * Utility Services, Major * 2. Commercial Uses Adult Business * Automobile Repair Services, Major * Car Wash * Page 3

14 Commercial Indoor Amusement Dance Hall Equipment Sales and Rental * Manufactured Home Sales * Mini-warehouse * Outpatient Mental Health and Substance Abuse Center Recreational Vehicle Sales and Service * Surplus Sales Truck Stop * 3. Industrial Uses Custom Manufacturing * Industry, Type I Landfill, Rubble * Transportation Terminal 4. Miscellaneous Uses Broadcasting Tower * Outdoor Gatherings * (Ord. No , 2, ; Ord. No , 1, ; , 1, ; Ord. No , 2, ; Ord. No , 2, ; Ord. No , 2, ; Ord. No , 1, ; Ord. No , 1, ; Ord. No , 1, ; Ord. No , 1, ) Sec Site Development Regulations. General Standards. For additional, modified, or more stringent standards for specific uses, see Article IV, Use and Design Standards. (A) Minimum lot requirements. 1. Lots served by private well and sewage disposal system; a. Area: 1 acre (43,560 square feet). b. Frontage: 100 feet on a publicly owned and maintained street. 2. Lots served by either public sewer or water, or both: a. Area: 15,000 square feet. b. Frontage: 75 feet on a publicly owned and maintained street. (B) Minimum setback requirements. 1. Front yard: Page 4

15 a. Principal structures: 30 feet, or 20 feet when all parking is located behind the front building line. b. Accessory structures: Behind the front building line. 2. Side yard: None. 3. Rear yard: a. Principal structures: 15 feet. b. Accessory structures: 3 feet. 4. Where a lot fronts on more than one street, front yard setbacks shall apply to all streets. (C) Maximum height of structures. 1. Height limitations: a. Principal structures: When adjoining property zoned R-1 or R-2, 45 feet, including rooftop mechanical equipment. The maximum height may be increased, provided each required side and rear yard adjoining the R-1 or R-2 district is increased two feet for each foot in height over 45 feet. In all locations the height is unlimited unless otherwise restricted by this ordinance. b. Accessory structures: actual height of principal structure. (D) Maximum coverage. 1. Building coverage: 50 percent of the total lot area. 2. Lot coverage: 90 percent of the total lot area. (Ord. No , 10, ) Page 5