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Two-Story Office Building
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116 N Jefferson St, Roanoke, VA 24011

Two-level, high-ceiling office space with large floor plates and onsite parking in a prime downtown-adjacent location.

Property Size48,000 SF
Days on Market97

Property Features for 116 N Jefferson St

General Information

Standard status Active
Size 48,000 SF
Class B
Total Parking Spaces 54
Property subtype Office

Building Details

Building Size 48,000 SF
Stories 2
Listing Agency: Poe & Cronk Real Estate
Listed By: Will Henritze · License #0225271658
Source: Poecronk
Added: Jun 2 Changed: Aug 13 Last Checked: Sep 5 at 6:52AM

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.

116 N Jefferson St, known as the Stone Building, is a two-story office property offering 48,000 SF of open, flexible space. The layout is designed for adaptable tenant planning, supported by high ceilings and large floor plates that can accommodate a range of office configurations. The building includes 54 onsite parking spaces, which helps support day-to-day tenant and visitor access.

The property is positioned directly across from Hotel Roanoke and adjacent to the Roanoke Higher Education Center. This central placement provides immediate access to downtown amenities, along with convenient proximity to nearby lodging and transportation options.

For buyers and operators, the Stone Building is a strong fit for organizations seeking open, flexible office space with the ability to tailor interior layouts. It also offers redevelopment potential given its prominent location and the existing office configuration, making it a useful platform for future repositioning while maintaining an active functional use.

Key Highlights

  • 48,000 SF two‑level office building with high ceilings and large floor plates for adaptable layouts
  • 54 on‑site parking spaces
  • Located directly across from Hotel Roanoke

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

2,432
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 - Two-level, high-ceiling office space with large floor plates and onsite parking in a prime downtown-adjacent location.
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 SF two‑level office building with high ceilings and large floor plates for adaptable layouts; 54 on‑site parking spaces; Located directly across from Hotel Roanoke
More about this property
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