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Old Southwest Office Space Available
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1011 2nd St SW, Roanoke, VA 24016

First-floor office space in Roanoke's Old Southwest neighborhood.

Space Size1,818 SF
Property Size3,294 SF
Days on Market816

Property Features for 1011 2nd St SW

General Information

Standard status Active
Size 1,818 SF
Class C
Total Parking Spaces 7
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 3,294 SF
Year Built 1939
Tenancy Single

Spaces For Lease

at 1011 2nd St SW Contact us

Available Space

Size
1,818 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Hall Associates
Listed By: Elliot Broyles · License #0225258732
Source: Crexi
Added: May 29, 2024 Changed: Aug 8 Last Checked: Aug 8 at 11:17AM

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 property features 1,818 square feet of first-floor office space situated in the Old Southwest area, between Highland and Albemarle. The layout includes a reception area, four offices, a conference room, and a break room with a kitchenette. The space is suited for law offices, financial planning and services, or other professional office uses. The surrounding area includes other professional offices for wealth advisory, law firms, and a cafe located less than a block away.

Key Highlights

  • Prime location in Old Southwest, situated between Highland and Albemarle.
  • 1,818 sf of first‑floor office space.
  • Layout includes a reception area, 4 offices, a conference room, and a break room/kitchenette.

Property Analytics

Current Use

SiteVision, Inc. Marketing & Advertising MedEvac WeatherSAFE (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Locksmith (Bike/Boat/Book/etc) Store Carpet & Flooring Store Furniture & Home Goods Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,278
Businesses Nearby

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

Lease Benchmarks for Roanoke, VA

$12.96 /SF/Yr
Avg Asking Price
$9.75–$20 /SF/Yr
Price Range
8,466 SF
Avg Space Size

This space is priced 8% above the average of $12.96 /SF/Yr.

Vacancy Rate% for Office in Roanoke, VA

5% 2019
6% 2020
7.5% 2021
7% 2022
7.6% 2023
5.6% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - First-floor office space in Roanoke's Old Southwest neighborhood.
Where is this office units located?
The property is located at 1011 2nd St SW Roanoke, VA.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Prime location in Old Southwest, situated between Highland and Albemarle.; 1,818 sf of first‑floor office space.; Layout includes a reception area, 4 offices, a conference room, and a break room/kitchenette.
(540) 982-0011 Call to check price and availability
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