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    708 5Th St SW Roanoke, VA 24016

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    For Sale
    $319,000

    Updated 1200 sq ft commercial space in Old Southwest Roanoke.

    Property size:
    1,200 SF
    Lot size:
    0.18 Acres

    Property Features for 708 5Th St SW

    General Information

    Size
    1,200 SF
    Lot size
    0.18 Acres

    Source: Walker Commercial Services Inc Agent Frazier Hughes

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

    Overview

    Renovated Commercial Building in Roanoke

    This fully renovated 1966 brick commercial building is located in the heart of Old Southwest Roanoke. Zoned CN (Commercial Neighborhood), the 1,200 sq. ft. property is suitable for office, retail, medical, or therapeutic practices. The interior features a reception area, updated walls and lighting, and luxury vinyl flooring. The layout is designed to be flexible. Additional features include an ADA-compliant restroom, a kitchen/utility room with laundry hookup, updated plumbing, a programmable thermostat, and an energy-efficient tankless water heater. The property includes 7 dedicated parking spaces and high-speed fiber internet. Updated electrical systems are in place. The property is move-in ready for business owners and investors.
    Insight Report Location Intelligence

    Current Use by Public Records

    Appalachian Integrative Health ... Holistic Medicine Practitioner 5th Street Laundromat Laundromat

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.9502328
    Latitude
    37.2676795

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    FAQs

    What type of property is this?
    Retail space - Updated 1200 sq ft commercial space in Old Southwest Roanoke.
    Where is this retail space located?
    The property is located at 708 5Th St SW Roanoke, VA.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: - Fully renovated 1966 brick commercial building in the heart of Old Southwest Roanoke.; - Zoned CN (Commercial Neighborhood) offering flexibility for office, retail, medical, or therapeutic practices.; - Move-in ready with stylish updates including a modern reception area, fresh walls and lighting, and luxury vinyl flooring.
    (540) 344-6160
    Request Owner's contact information
    708 5Th St SW Roanoke, VA 24016
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    Roanoke, VA 24016
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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
    708 5Th St SW Roanoke, VA 24016
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