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Historic Office Building
New
For Sale
$1,250,000

1328 3rd St SW, Roanoke, VA 24016

A 1925 former residence now provides a professional setting with adaptable work areas.

Property Size5,198 SF
Days on Market1

Property Features for 1328 3rd St SW

General Information

Standard status Active
Size 5,198 SF
Class B
Property subtype Office - General Office

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Building Size 5,198 SF
Year Built 1925
Year Renovated 1990
Units 1
Listing Agency: Waldvogel Commercial Properties
Listed By: Krista Vannoy, CCIM, SIOR
Source: Commercialcafe
Added: Oct 7 Last Checked: Oct 7 at 2:19PM

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 Waldvogel Commercial Properties

Investment Insights

Based on property information with market context.

Built in 1925 as a residence, this office property retains the character of its original architecture while offering a functional workplace layout. Interior work areas can support conventional office arrangements or more collaborative formats, with a professional environment for staff and visitors.

The building is in Roanoke’s Old Southwest neighborhood, south of Downtown Roanoke. Jefferson Street and Franklin Road, I-581, and US Rt 220 provide access to the surrounding area. Carilion medical facilities are nearby.

Key Highlights

  • 1925 construction; originally built as a residence
  • Office layout with work areas for traditional or collaborative arrangements
  • Located in Roanoke’s Old Southwest neighborhood, south of Downtown Roanoke

Property Analytics

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Current Use

Mundy G Marshall Law Firm CowanPerry PC Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Butcher Auto Parts Store Home Appliance 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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,044
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
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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 - A 1925 former residence now provides a professional setting with adaptable work areas.
Where is this office building located?
The property is located at 1328 3rd St SW Roanoke, VA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1925 construction; originally built as a residence; Office layout with work areas for traditional or collaborative arrangements; Located in Roanoke’s Old Southwest neighborhood, south of Downtown Roanoke
More about this property
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