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Premium Office Space in Roanoke
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116 N Jefferson St, Roanoke, VA 24011

Plug and play office space with on-site parking.

Space Size24,000 SF - 48,000 SF
Days on Market320

Property Features for 116 N Jefferson St

General Information

Standard status Active
Size 24,000 SF - 48,000 SF
Class B
Property subtype Office

Building Details

Building Size 48,000 SF

Spaces For Lease

at 116 N Jefferson St Contact us

116 N Jefferson St

Size
24,000 SF
Term
Negotiable
Rate
Contact for pricing
Contact us

116 N Jefferson St

Size
48,000 SF
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Poe & Cronk Real Estate Group
Listed By: Stephen Pendergrass, SIOR, CCIM
Source: Tcnworldwide
Added: Sep 25, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:03PM

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 Poe & Cronk Real Estate Group

Investment Insights

Based on property information with market context.

Located at 116 N Jefferson St in Downtown Roanoke, the Stone Building offers a plug-and-play lease opportunity with 48,000 sq ft of premium office space across two levels. Both floors benefit from ground-level access and on-site parking. The current layout features an open floor plan with offices and breakout rooms situated in the core of the building. The floor plates are adaptable for future uses. The Stone Building is located just off Interstate 581 and minutes from the Roanoke Regional Airport. Its proximity to Roanoke’s major thoroughfares ensures easy accessibility to surrounding population centers. The property is directly across the street from the historic Hotel Roanoke and conference center. Downtown Roanoke provides a range of amenities and numerous restaurants within walking distance. The property is located beside the Higher Education Center and the Hotel Roanoke.

Key Highlights

  • 48,000 sq. ft. of premium office space on 2 levels.
  • Plug and play lease opportunity.
  • Benefit from on‑site parking and ground level access on both floors.

Property Analytics

Current Use

Allstate Insurance Agency

Suggested Use

Top Pick Nail Salon Veterinary Clinic Pet Grooming Service Florist (Bike/Boat/Book/etc) Store Wine and Liquor Store

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

Location Intelligence

Trade Area within ½ mile

2,703
Businesses Nearby

Demographics for 24011, VA

908
Population
645
Households
1.4
Avg Household Size
32
Median Age
83%
College-Educated
99%
High-School Grad
0.2 sq mi
ZIP Area
4,540
Density / Sq Mi
$55,882
Median Household Income
$50,599
Median Earnings
$1,091
Median Rent
$839,300
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Office building - Plug and play office space with on-site parking.
Where is this office building located?
The property is located at 116 N Jefferson St Roanoke, VA.
What are key features of this property?
This property features: 48,000 sq. ft. of premium office space on 2 levels.; Plug and play lease opportunity.; Benefit from on‑site parking and ground level access on both floors.
More about this property
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