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116 N Jefferson St, Roanoke, VA 24016

48,000 SF office space in Roanoke's Stone Building.

Space Size24,000 SF
Property Size48,000 SF
Days on Market141

Property Features for 116 N Jefferson St

General Information

Standard status Active
Size 24,000 SF
Class B
Total Parking Spaces 54
Property subtype Office

Building Details

Building Size 48,000 SF
Tenancy Multiple

Spaces For Lease

at 116 N Jefferson St Contact us

Floor 1

Size
24,000 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Floor 2

Size
24,000 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Poe & Cronk Real Estate
Listed By: Stephen Pendergrass · License #VA 0225210868
Source: Crexi
Added: Mar 23 Changed: Aug 8 Last Checked: Aug 8 at 2:39PM

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

Investment Insights

Based on property information with market context.

The Stone Building, located at 116 N Jefferson St in Roanoke, Virginia, presents a lease opportunity with 48,000 square feet of professional office space across two levels. Both floors offer ground-level access and on-site parking. The current layout features an open floor plan with offices and break-out rooms in the core of the building. The floor plates are adaptable for future uses. Situated minutes from the Roanoke Regional Airport and just off Interstate 581, the Stone Building provides accessibility to surrounding population centers, employees, and clients. The property is located directly across the street from the historic Hotel Roanoke and conference center. Downtown Roanoke offers a range of amenities including restaurants, entertainment venues, retail storefronts, and a steady daytime population, all within walking distance. Roanoke has a population of over 330,000 people.

Key Highlights

  • 48,000 sq. ft. of professional office space on 2 levels with adaptable floor plans.
  • Ground level access on both floors and on‑site parking.
  • Located just off Interstate 581 and minutes from the Roanoke Regional Airport.

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 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 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 space in Roanoke's Stone Building.
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 professional office space on 2 levels with adaptable floor plans.; Ground level access on both floors and on‑site parking.; Located just off Interstate 581 and minutes from the Roanoke Regional Airport.
(540) 314-8548 Call to check price and availability
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