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Live-Work Property with Rental Unit
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813 5th St SW, Roanoke, VA 24016

Live-work setup with a music venue and eatery space plus an upstairs apartment rented as an Airbnb.

Property SizeContact for details
Days on Market135

Property Features for 813 5th St SW

General Information

Standard status Active
Property subtype Retail

Additional Details

Fenced Yard Yes

Building Details

Stories 2
Listing Agency: Poe & Cronk Real Estate
Listed By: Thom Hubard · License #VA 0225020834
Source: Crexi
Added: Apr 11 Changed: Aug 14 Last Checked: Aug 14 at 8:06AM

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.

This unique live-work property offers an owner an integrated scenario with multiple income-producing components. The downstairs area has been used as a music venue and eatery and is currently configured as a living unit. The second floor features a 2-bedroom, 1-bath eclectic apartment that is currently rented as an Airbnb. Outside, the property includes a fenced end back patio and a rear parking and storage building.

The property is located at 813 5th St SW in Roanoke, Virginia. The current configuration supports both residential living and short-term rental use while maintaining dedicated outdoor and service areas at the rear.

As presented, the layout includes a downstairs living setup and a separate upstairs apartment, along with fenced outdoor space and rear parking and storage.

Key Highlights

  • Live‑work setup with downstairs music venue and eatery space plus an upstairs apartment.
  • Downstairs currently used as a living unit and previously operated as The Phoenix music venue and eatery.
  • Upstairs apartment features 2 bedrooms and 1 bathroom.

Property Analytics

Current Use

upUPperiscope,inc Marketing & Advertising The Water Heater Construction Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Wine and Liquor Store Pet Grooming Service Florist

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

Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

3,121
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?
Live-work space - Live-work setup with a music venue and eatery space plus an upstairs apartment rented as an Airbnb.
Where is this live-work space located?
The property is located at 813 5th St SW Roanoke, VA.
What are key features of this property?
This property features: Live‑work setup with downstairs music venue and eatery space plus an upstairs apartment.; Downstairs currently used as a living unit and previously operated as The Phoenix music venue and eatery.; Upstairs apartment features 2 bedrooms and 1 bathroom.
(540) 353-3646 Call to check price and availability
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