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

Renovated office space with eight offices, two conference rooms, reception, two bathrooms, and a private paved parking lot.

Space Size2,640 SF
Days on Market587

Property Features for 124 Wells Ave NW

General Information

Standard status Active
Size 2,640 SF
Property subtype OFFICE

Amenities

conference room
reception area

Spaces For Lease

at 124 Wells Ave NW
124 Wells Ave NW AVAILABLE, Now
Floor 1
Size 2,640 SF
Type OFFICE
Rate Contact for pricing
Sublease No
- This property is approximately 2,640 square feet of nicely renovated office space.​ It consists of 8 offices, two conference rooms, reception area and two bathrooms.​ The site includes a private paved parking lot with 15+ spaces.​ It is located on Wells Avenue near Hotel Roanoke and walking distance to Downtown Roanoke.​
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Listing Agency: Hall Associates, Inc
Listed By: Chris Nelson
Source: Moodyscre
Added: Mar 21, 2025 Changed: Oct 25 Last Checked: Oct 26 at 6:53PM

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

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Investment Insights

Based on property information with market context.

Approximately 2,640 square feet of nicely renovated office space arranged with eight offices, two conference rooms, a reception area, and two bathrooms. The layout supports a mix of private workstations and meeting space.

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

This offering is suited for organizations seeking dedicated office rooms and on-site parking in a renovated configuration.

Key Highlights

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

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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.

Lease Details

NNN (Triple Net)
Lease Type

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Roanoke, VA

$13.96 /SF/Yr
Avg Asking Price
$9.75–$20 /SF/Yr
Price Range
4,213 SF
Avg Space Size

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

Frequently Asked Questions

What type of property is this?
Office unit - Renovated office space with eight offices, two conference rooms, reception, two bathrooms, and a private paved parking lot.
Where is this office unit located?
The property is located at 124 Wells Ave NW Roanoke, VA.
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, 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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