www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze property details including ownership and financial history. Share advanced property insights with your clients and teams.
Opportunity Zone

Corinthian Building

Landmark Historic Downtown Building For Sale | Roanoke, VA

Listing Contacts

Active

Asking Price: $1,095,000
Address 

211 1st St SW, Roanoke, VA 24011

Show on Map
Date Added
Sep 13, 2022
Days on Market
914 days
Time Since Last Update
75 days

Details

Property TypeMixed Use, Office, Retail, Special Purpose
SubtypeCreative Office
ClassB
Square Footage22,150
OccupancyVacant
Year Built1911
Buildings1
Stories5
ZoningD - Downtown
Lot Size (acres)0.117
Broker Co-OpYes
Ceiling Height16'

Marketing Description

Executive Summary:

Cushman & Wakefield | Thalhimer, as sole representative of the owner, is pleased to offer for sale the Corinthian Building, an iconic five-story building located in the heart of Downtown Roanoke's thriving central business district.​

Built in 1911 with the highest quality materials, the Corinthian Building was designed with striking architectural details in the classic Greek revival style, featuring high ceilings, oversized arched windows, ornate columns adorning the interior, and elaborate trim and moulding flourishes throughout.​

Originally constructed to accommodate the Masonic Lodge, the 22,150 SF building has been well-preserved and in continuous use for much of its history.​  Recently, the top two floors have found productive use as a professionally managed event space, providing a memorable and stately venue for weddings, receptions, and a variety of professional and corporate functions.​

Current ownership has undertaken multiple improvement projects to maintain and update the property, including installation of a new roof and significant HVAC upgrades along with renovations and refurbishment of interior common areas.​  With a functional passenger elevator and an open floor-plate layout, the building is well-suited for further redevelopment, including reimagining the 3,000+ SF entry level storefront space.​  

New ownership will appreciate the flexible use potential of the property, including the opportunity to augment the existing event space business with complementary revenue streams or to subdivide and repurpose sections of the building for alternative use.​  Surrounded by expanding retail, office, hospitality, apartments, bars, and restaurants, the Corinthian Building offers tremendous long term value for developers and users alike.​

Investment Highlights

·  Iconic Historic Building: 22,150 SF in the heart of Downtown Roanoke

·  Established Event Space: Renovated venue with full elevator service

·  Redevelopment Potential: 5-stories & open layout offer flexible use

·  Recent Improvements: Roof replaced + HVAC upgrades

·  Accelerating Fundamentals: Fastest regional economic growth in 15 years

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI
Subscribe to Intelligence
View property history data!
Access historical property and tax details including tax amounts, land value, and more to inform your next opportunity.
Date Event Document Price Price/SF Sold By Sold To
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access

Due Diligence

Please execute confidentiality agreement to access the due diligence

Listing Contacts


Similar Properties for Sale

Pictures of Mixed Use, Multifamily, Office, Retail property located at 601 Marshall Ave SW, Roanoke, VA 24016 for sales - image #1
Opportunity Zone
$699,950
601 Marshall Ave SW: Roanoke Mixed-Use Investment
Executive Office Space, 3 Spacious Apartments, 1,200 SF Future Use

601 Marshall Ave SW Roanoke, VA 24016

Pictures of Office, Industrial, Mixed Use property located at 315 Albemarle Ave SE, Roanoke, VA 24013 for sales - image #1
virtual tour
$3,900,000
Virginia Can Company
Prime Redevelopment Opportunity Near Virginia Tech Med School!

315 Albemarle Ave SE Roanoke, VA 24013

Pictures of Mixed Use, Office property located at 2110 Shenandoah Valley Ave NE, Roanoke, VA 24012 for sales - image #1
$450,000
2110 Shenandoah Valley Ave
Great Investment or Owner User

2110 Shenandoah Valley Ave NE Roanoke, VA 24012

Pictures of Land, Mixed Use property located at 4402 Old Rocky Mt Rd, Roanoke, VA 24014 for sales - image #1
$980,000
4+ acres of land MX zoning near Hunting Hills
Land • 4.36 acres

4402 Old Rocky Mt Rd Roanoke, VA 24014

Pictures of Industrial, Mixed Use property located at 4621 Melrose Ave NW, Roanoke, VA 24017 for sales - image #1
$199,000
Standalone Commercial Shop/Garage
Commercial Garage • 1,409 SF

4621 Melrose Ave NW Roanoke, VA 24017

Pictures of Mixed Use, Office, Retail property located at 2350 Peters Crk Rd NW, Roanoke, VA 24017 for sales - image #1
$1,649,000
Green Ridge Center
Retail / Office Center • 13,908 SF

2350 Peters Crk Rd NW Roanoke, VA 24017

Pictures of Mixed Use, Land property located at Read Mountain Rd, Cloverdale, VA 24019 for sales - image #1
$355,000
Read Mountain Rd at Norfolk & Western Ave
Development

Read Mountain Rd Cloverdale, VA 24019

Pictures of Mixed Use, Office, Retail property located at 40 Main St, Boones Mill, VA 24065 for sales - image #1
$335,000
40 Main Street, Boones Mill, Va
Office / Retail right on US-220

40 Main St Boones Mill, VA 24065

Pictures of Mixed Use, Multifamily, Office, Retail, Self Storage property located at 40 Main St, Boones Mill, VA 24065 for sales - image #1
Unpriced
Building off US Hwy220 bet Roanoke & Rocky Mount
No zoning Former Bank Building • 4,554 SF

40 Main St Boones Mill, VA 24065

Pictures of Industrial, Land, Mixed Use property located at 1931 Big Spring Dr, Elliston, VA 24087 for sales - image #1
Unpriced
Big Spring Mill For Sale in Elliston, VA
Big Spring Mill For Sale in Elliston, VA

1931 Big Spring Dr Elliston, VA 24087

Pictures of Mixed Use property located at 1123 Celebration Ave, Moneta, VA 24121 for sales - image #1
$389,000
DTM Restaurant
Restaurant space available in growing, mixed-use town center at Smith Mountain Lake, VA

1123 Celebration Ave Moneta, VA 24121

See more properties for sale in Roanoke
See More
See More Similar Properties
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off? Report
For assistance, reach out to our support team at [email protected] or call 888.273.0423 .