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    312 2Nd St SW Roanoke, VA 24011

    For Lease
    $6 SF/Yr ($2,858 /Mo)

    5,000 SF event space in a mixed-use building.

    Property size:
    5,000 SF
    Lot size:
    0.13 Acres

    Property Features for 312 2Nd St SW

    General Information

    Size
    5,000 SF
    Lot size
    0.13 Acres

    Source: Hall Associates, Inc Agent Gavin Hollingsworth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Downtown Roanoke Event Space

    One City Plaza is a renovated mixed-use building located in downtown Roanoke. The second floor, available for lease, offers approximately 5,000 square feet of event space. The floor plan is mostly open and includes a prep/catering kitchen, a separate bar back prep kitchen, men's and women's bathrooms, and storage rooms. There is a possibility of using existing equipment, which can be negotiated with the lease. The prior occupancy permit stated a capacity of 160 people. The space is sprinklered and has audio and visual components in place. It benefits from natural light and offers mountain and city views. The first floor and mezzanine are occupied by 2 Chill, a restaurant, bar, and lounge.
    Insight Report Location Intelligence

    Current Use by Public Records

    Star City Retail Department Store Onecity Plaza LP Real Estate Developer

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Lews Restaurant SW Roanoke, food fanatics kitchen, Wasena City Tap Room & Grill, Main Street Cafe, 3rd Street Coffee House

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.9440571
    Latitude
    37.2711027

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    FAQs

    What type of property is this?
    Bar - 5,000 SF event space in a mixed-use building.
    Where is this bar located?
    The property is located at 312 2Nd St SW Roanoke, VA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Roanoke location in a renovated mixed-use building.; - Approximately 5,000 sq ft of event space available on the second floor.; - Includes prep/catering kitchen and separate bar back prep kitchen.
    (540) 982-0011
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    Roanoke, VA 24011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    312 2Nd St SW Roanoke, VA 24011
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