The town of Buchanan is located in the County of Botetourt. It is said to be a part of the Roanoke Metropolitan Statistical Area. It has a total area of about 6.5 sq. km. and it is at an elevation of 850 ft. above the sea level. With the help of a pro business climate a large number of businesses continues to locate themselves within the city. The industry of real estate helps in the growth and development of businesses related to building material suppliers, furniture makers and home and building inspection services. Commercial spaces are used for restaurants, publishing companies and printing services. Financial institutions like banks and insurance companies helps in the growth and development of the local financial sector.