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Opportunity Zone

15-17 Salem Ave SE, Roanoke, VA 24011

Located in the heart of Downtown Roanoke

Listing Contacts

Active

Asking Price: $2,850,000
Address 

15 Salem Ave SE, Roanoke, VA 24011

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Date Added
Oct 15, 2024
Days on Market
162 days
Time Since Last Update
2 days

Details

Property TypeOffice
SubtypeExecutive Office, Traditional Office
ClassB
Lease TypeModified
TenancyMulti
Square Footage19,395
Price/Sq Ft$146.95
Cap Rate0.00%
Year Built1904
Years Renovated2010, 2013, 2017, 2018
Buildings1
Stories3
ZoningD
Lot Size (acres)0.2
APN4010311; 4010313
IntelligenceINTELLIGENCE
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Marketing Description

We are excited to present a unique opportunity in the heart of Downtown Roanoke.​ This property is ideally located just steps from the Roanoke City Market Building, providing easy access to fine dining, entertainment, museums, banks, shopping, and more.​ It offers a valuable opportunity for those looking to leverage the growth and vibrancy of the area, with potential for future development.​

Spanning three floors, the building features approximately 19,395 SF, a charming courtyard, two available office spaces, and a vacant residential apartment on the second floor.​ The interior includes exposed brick walls, modern amenities, elevator access, and ADA-compliant restrooms.​

The property has undergone a series of updates, including renovations in 2010, a new roof installed in 2017, HVAC upgrades completed in 2018, and an upgrade to energy-efficient LED lighting in 2023.​

Investment Highlights

  • Central Location: Strategically positioned within walking distance of fine dining, museums, shopping, banking institutions, and entertainment venues

  • Perfect for a 1031 Exchange

  • Elevator Access and ADA-compliant restrooms

  • High ceilings with exposed brick walls

  • Heavy daytime foot traffic

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Broker Information
Broker Name
Kristine Davis
Broker License
VA 0225264055
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