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    302 1St St SW Roanoke, VA 24011

    For Sale
    $2,875,000

    Investment,Retail - Roanoke, VA

    Lot size:
    0.20 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 302 1St St SW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    26
    Exterior features
    Display Window, Dry Sprinkler System
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Electric, Heat Pump

    Building Details

    Flooring type
    Tile, Wood
    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# 921709 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 For Sale

    In 1909, H.W. ''Uncle Billy'' Horton broke ground on what would become one of Roanoke's most distinctive landmarks at the corner of Kirk Avenue and First Street. By 1910, the first tenant, a piano company that later became Grand Home Furnishings, had moved in, and the building's place in local history was secured. More than a century later, that same structure stands reborn as The Horton Building, a rare blend of early-20th-century craftsmanship and modern functionality. Recognized by the Roanoke Valley Preservation Foundation's 2013 Adaptive Reuse Award, the property remains a defining example of how heritage and performance can work hand in hand. The property is located in Roanoke, VA, with a lot size of 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    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.

    Similar Places Nearby

    Bush-Flora

    Location Insight

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

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    FAQs

    What type of property is this?
    Storefront property - Landmark Roanoke building blending early-20th-century craftsmanship and modern functionality.
    Where is this storefront property 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: Built in 1909, 'The Horton Building' is a recognized Roanoke landmark.; - Award-Winning Adaptive Reuse: Recipient of the Roanoke Valley Preservation Foundation's 2013 Adaptive Reuse Award.; - Blend of Historic Craftsmanship and Modern Functionality: Combines early-20th-century architecture with modern amenities.
    (540) 793-4095
    Request Owner's contact information
    302 1St St SW Roanoke, VA 24011
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    Roanoke, VA 24011
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    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
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