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Renovated Office Suite with Parking
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124 Wells Ave NW, Roanoke, VA 24016

Renovated office space with 8 offices, conference rooms, reception, and private paved parking for 15+ vehicles.

Property Size2,640 SF
Price / SF$176.14
Days on Market403

Property Features for 124 Wells Ave NW

General Information

Standard status Active
Size 2,640 SF
Total Parking Spaces 15
Property subtype OFFICE

Amenities

reception area
Listing Agency: Hall Associates, Inc
Listed By: Chris Nelson
Source: Moodyscre
Added: Jun 23, 2025 Changed: Jul 26 Last Checked: Jul 29 at 12:07PM

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 Hall Associates, Inc

Investment Insights

Based on property information with market context.

This property offers approximately 2,640 square feet of nicely renovated office space configured with eight private offices, two conference rooms, a reception area, and two bathrooms. The layout is designed for a functional mix of workspaces and meeting areas.

The site includes a private paved parking lot with 15+ spaces. It is located on Wells Avenue near Hotel Roanoke and within walking distance to Downtown Roanoke.

The combination of updated interior space and on-site parking supports everyday operations and tenant usability.

Key Highlights

  • Approximately 2,640 SF of renovated office space
  • Layout includes 8 offices, 2 conference rooms, a reception area, and 2 bathrooms
  • Private paved parking lot with 15+ spaces

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Nail Salon Storage Facility Veterinary Clinic Pharmacy Garden Center

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

2,456
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 units - Renovated office space with 8 offices, conference rooms, reception, and private paved parking for 15+ vehicles.
Where is this office units located?
The property is located at 124 Wells Ave NW Roanoke, VA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Approximately 2,640 SF of renovated office space; Layout includes 8 offices, 2 conference rooms, a reception area, and 2 bathrooms; Private paved parking lot with 15+ spaces
(540) 761-5515 Call to check price and availability
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