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34213718
34213725

30 Church Avenue Southwest, Roanoke, VA 24011

SP
VA VA 0225210868
Poe & Cronk Real Estate
MH
VA VA 0225189906
Poe & Cronk Real Estate
Listed by Poe & Cronk Real Estate
$3,200,000
1 day on market
Updated 1 day ago
Opportunity zone

Downtown Roanoke Development Opportunity

Details
Property Type Retail, Office (+1)
Sub Type Bank, Restaurant (+1)
Square Footage 48,638
Class C
Year Built 1958
Year Renovated 2015
Acreage 0.270
Zoning D
Investment Type Redevelopment
Ground Lease No

First Federal Building

Marketing description

Presented exclusively for sale by Poe & Cronk Real Estate Group, the First Federal Building presents a rare opportunity to acquire a 48,638-square-foot downtown landmark ideally suited for adaptive reuse into apartments, condominiums, boutique hospitality, or mixed-use development. Positioned in the center of Roanoke's rapidly evolving downtown, the property combines scale, visibility, Opportunity Zone benefits, and proximity to the region's growing residential and entertainment districts.

The property consists of seven floors totaling approximately 48,638 gross square feet of former office space. The ground floor features a prominent former bank lobby, office areas, and approximately 125 feet of storefront frontage along Church Avenue. The upper floors are configured with well-appointed executive and administrative office space and are served by two elevators, offering flexibility for continued office use, conversion, or a mixed-use redevelopment strategy.

Positioned in the heart of downtown Roanoke, the property benefits from easy walkability to residential apartments and condominiums, financial institutions, restaurants, retail amenities, and the broader downtown employment base. Multiple surface lots and structured parking options are located within the surrounding area, providing convenient access for employees, tenants, residents, and visitors.

The First Federal Building is also located within a designated Opportunity Zone, which may provide qualified investors with certain tax incentives intended to encourage long-term investment and economic growth in targeted areas.

Investment highlights

  • Opportunity Zone
  • Downtown zoning allows multiple uses
  • Seven-story concrete/steel construction
  • Two passenger elevators
  • Existing utility infrastructure
  • Large floor plates
  • Corner location
  • 125' street frontage
  • Walkable downtown location
  • Adjacent parking options
  • Potential rooftop amenity space
  • Existing bank lobby ideal for restaurant/lounge/event space

Listing Contacts

SP
VA VA 0225210868
Poe & Cronk Real Estate
MH
VA VA 0225189906
Poe & Cronk Real Estate
Listed by Poe & Cronk Real Estate

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Zoning

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D MixedMixed UseDowntown
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Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Stephen Pendergrass
License
VA 0225210868
Brokerage
Poe & Cronk Real Estate Group
Brokerage Phone
(540) 982-2444
Name
Matt Huff
License
VA 0225189906
Brokerage
Poe & Cronk Real Estate Group
Title
Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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