Mixed-Use Building with Leased
For Sale
Contact for pricing
Pending
1011 2nd St SW, Roanoke, VA 24016
Mixed-use building with office space and two leased apartments.
Property Size3,294 SF
Days on Market192
Property Features for 1011 2nd St SW
General Information
Standard status
Pending
Size
3,294 SF
Class
B
Property subtype
Mixed Use, Multifamily, Office
Zoning
MX
Occupancy
50%
Lease Type
Modified Gross
Investment Type
Owner/User
Building Details
Year Built
1939
Year Renovated
2022
Buildings
1
Stories
2
Units
3
Listing Agency:
Hall Associates
(540) 982-0011
Listed By:
Elliot Broyles · License #0225258732
Source:
Crexi
Added: Feb 10
Changed: Aug 20
Last Checked: Aug 19 at 8:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hall Associates
Investment Insights
Based on property information with market context.
This mixed-use building features two leased apartment units and usable ground-floor office space. Located in Old Southwest between Highland and Albemarle, the property benefits from recent upgrades to the HVAC system, apartments, and property. The first floor includes a reception area, four offices, a conference room, a break room/kitchenette, and a server room with generator backup. The 3,294 square foot building is suited for law offices, financial planning and services, or other professional office uses. The property is surrounded by other professional offices for wealth advisory, law firms, and a cafe. The apartments are fully leased, and the office space is also available for lease.
Key Highlights
- Ground‑floor offers usable office space with a reception area, 4 offices, conference room, break room/kitchenette, and server room with generator backup.
- Two fully leased apartment units provide immediate rental income.
- Convenient location in Old Southwest, nestled between Highland and Albemarle, surrounded by professional offices and a cafe.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 24016, VA
9,371
Population
5,602
Households
1.7
Avg Household Size
36
Median Age
26%
College-Educated
88%
High-School Grad
3.0 sq mi
ZIP Area
3,124
Density / Sq Mi
$43,727
Median Household Income
$35,936
Median Earnings
$972
Median Rent
$118,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with office space and two leased apartments.
Where is this mixed-use property located?
The property is located at 1011 2nd St SW Roanoke, VA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Ground‑floor offers usable office space with a reception area, 4 offices, conference room, break room/kitchenette, and server room with generator backup.; Two fully leased apartment units provide immediate rental income.; Convenient location in Old Southwest, nestled between Highland and Albemarle, surrounded by professional offices and a cafe.
