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Stone Building Near Hotel Roanoke
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116 N Jefferson St, Roanoke, VA 24011

48,000 SF office building with 54 parking spaces.

Property Size48,000 SF
Days on Market132

Property Features for 116 N Jefferson St

General Information

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

Building Details

Building Size 48,000 SF
Listing Agency: Poe & Cronk Real Estate Group
Listed By: Will Henritze · License #0225271659
Source: Tcnworldwide
Added: Apr 1 Changed: Aug 8 Last Checked: Aug 8 at 6:45AM

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.

The Stone Building, located at 116 N Jefferson St, Roanoke, is a 48,000 SF office building on two levels with 54 parking spaces. The property is positioned directly across from the Hotel Roanoke and adjacent to the Roanoke Higher Education Center. It features two levels of open, flexible office space, high ceilings, and large floor-plates for adaptable layouts. The location provides immediate access to downtown amenities, lodging, and transportation. The property has strong potential for redevelopment.

Key Highlights

  • Prime location across from Hotel Roanoke and adjacent to Roanoke Higher Education Center.
  • 48,000 SF of open, flexible office space on two levels.
  • 54 on‑site parking spaces.

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.

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 - 48,000 SF office building with 54 parking spaces.
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: Prime location across from Hotel Roanoke and adjacent to Roanoke Higher Education Center.; 48,000 SF of open, flexible office space on two levels.; 54 on‑site parking spaces.
More about this property
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