Listing Agency: Investors Real Estate Partners

Listed By: Jason Fountain · License #0225077081 Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 16 Last Checked: Sep 7 at 2:52AM

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Investment Insights

Based on property information with market context.

This completely renovated historic mixed-use building is fully leased and described as 100% occupied by a regional tech firm and the State of Virginia. The property includes office/commercial space plus two residential units located at the parking level.

The building is located in downtown Fincastle, Virginia.

With long-term leases in place, the current configuration supports an owner-operator model across both commercial and residential components within the same historic structure.

Key Highlights

• Completely renovated historic mixed‑use building in downtown Fincastle
• Fully leased and 100% occupied by a regional tech firm and the State of Virginia
• Long‑term leases in place

Property Analytics

Property Profile

Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Repair Shop HVAC Service Electrical Service (Bike/Boat/Book/etc) 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

2

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

146

Businesses Nearby

Explore this area Business Placement

Demographics for 24090, VA

4,712

Population

2,107

Households

2.2

Avg Household Size

48

Median Age

23%

College-Educated

94%

High-School Grad

91.0 sq mi

ZIP Area

52

Density / Sq Mi

$88,125

Median Household Income

$45,535

Median Earnings

$887

Median Rent

$267,100

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office units - Completely renovated historic building is fully leased, with two residential units at the parking level.

Where is this office units located?

The property is located at 20 S Roanoke St Fincastle, VA.

What are key features of this property?

This property features: Completely renovated historic mixed‑use building in downtown Fincastle; Fully leased and 100% occupied by a regional tech firm and the State of Virginia; Long‑term leases in place