Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    302 1St St SW Roanoke, VA 24011

    For Sale
    $2,875,000

    Multi Family - Roanoke, VA

    Lot size:
    0.20 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 302 1St St SW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Offsite
    Interior features
    Ceiling Fan(s), Storage, Walk-in Closet(s), Wet Bar, Wired For Sound, Wired For Data
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Heat Pump (Heating), Natural Gas, Zoned (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1909
    Number of units
    10
    Building materials
    Brick
    Architectural style
    Other

    Lichtenstein Rowan REALTORS (540) 793-4095 [email protected]

    Listing agent JOE KRAFT (540) 793-4095

    Listing date Oct 15, 2025

    MLS# 921720 Listing URL

    Copyright © 2025 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Horton Building in Roanoke

    In 1909, construction began on what would become a distinctive landmark at the corner of Kirk Avenue and First Street. By 1910, the first tenant, a piano company that later became Grand Home Furnishings, had occupied the building. Over a century later, the structure stands as The Horton Building, blending early-20th-century craftsmanship and modern functionality. Recognized by the Roanoke Valley Preservation Foundation's 2013 Adaptive Reuse Award, the property exemplifies how heritage and performance can work together. The property is located in Roanoke, VA 24011.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.942148
    Latitude
    37.271005

    Nearby Similar for Sale

    • $2,875,000
      0.20 Acres

      Historic Horton Building For Sale

      Landmark Roanoke building blending early-20th-century craftsmanship and modern functionality.
      302 1St St SW, Roanoke, VA 24011
      View Details
    • $650,000
      0.30 Acres

      Roanoke Office/Retail Building For Sale

      Office building with subdivision potential and ample parking.
      356 Campbell Ave SW, Roanoke, VA 24016
      View Details
    • $2,100,000
      0.05 Acres

      Updated Building with High-End Finishes

      Extensively updated building with high-end finishes, great views, move-in ready.
      109 Campbell Ave SW, Roanoke, VA 24011
      View Details
    • $1,350,000
      1.00 Acre

      Franklin Road Office/Retail Opportunity

      Prime commercial land on Franklin Road with high traffic volume.
      4040 Franklin Rd SW, Roanoke, VA 24014
      View Details
    • $875,000
      0.05 Acres

      Downtown Roanoke Investment Opportunity

      Two-unit building in vibrant downtown Roanoke with retail and residential.
      22 Campbell Ave SE, Roanoke, VA 24011
      View Details
    • $211,500
      0.17 Acres

      Roanoke Duplex with Rental Potential

      Bungalow duplex with strong rental income potential in Roanoke, VA.
      2923 Melrose Ave NW, Roanoke, VA 24017
      View Details

    FAQs

    What type of property is this?
    Office building - Landmark building blending early-20th-century craftsmanship with modern functionality.
    Where is this office building located?
    The property is located at 302 1St St SW Roanoke, VA.
    What is the asking price?
    The asking price for this property is $2,875,000.
    What are key features of this property?
    This property features: - Historic Landmark: The Horton Building, built in 1909, offers a distinctive and historically significant presence in Roanoke.; - Award-Winning Adaptive Reuse: This property is a recipient of the Roanoke Valley Preservation Foundation's 2013 Adaptive Reuse Award.; - Blend of Historic Craftsmanship and Modern Functionality: Experience early-20th-century architecture combined with modern amenities.
    (540) 793-4095
    Request Owner's contact information
    302 1St St SW Roanoke, VA 24011
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    302 1St St SW
    Roanoke, VA 24011
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    302 1St St SW Roanoke, VA 24011
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.