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Historic Office Building

1328 3rd St SW, Roanoke, VA 24016

For Sale
$1,250,000

Commercial Sale, Roanoke, VA

Property SizeContact for details
Lot Size0.19 Acres
Days on Market50

Property Features for 1328 3rd St SW

General Information

Property type Commercial Sale
Property subtype Other
Zoning MX; H-2
Rooms Basement
Directions From S Jefferson St: Turn RT on Maple Ave SW. Turn RT on Walnut Ave SW. Turn LT on 3rd St SW. Building on LT.
Subdivision 0130 - City of Roanoke - SW
Standard status Active
APN 103-0605
Lot size 0.19 Acres

Additional Details

Property Use Office

Taxes and HOA fees

Tax Description LT 4B BLK 2 SEC SW4 O S OLD SOUTHWEST COMMERCIAL
Tax Annual Amount 7100
Legal Description LT 4B BLK 2 SEC SW4 O S OLD SOUTHWEST COMMERCIAL

Utilities

Water source Public

Building Details

Year built 1925
Floors in Building 3
Flooring type Wood, Tile
Building materials Stucco
Roof type Shingle
Buildings 1
Listing Agency: WALDVOGEL COMMERCIAL PROPERTIES
Listed By: KRISTA H VANNOY · License ##0225060152
Added: Sep 21 Changed: Nov 4 Last Checked: Nov 9 at 10:06AM
MLS# 931616

Copyright © 2026 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 1925, this office property occupies a 0.19-acre parcel and retains its original residential character. The interior has an office-oriented floorplan with work areas, wood and tile flooring, and a basement. Stucco exterior walls and a shingle roof complete the building; public water serves the property. Zoning is MX; H-2.

At 1328 3rd St SW in Roanoke, the property is south of Downtown and has access to the Jefferson Street and Franklin Road corridors, I-581, and US Rt 220. Carilion medical facilities are also nearby.

Key Highlights

  • 1925 construction on a 0.19‑acre parcel
  • MX; H‑2 zoning
  • Office layout with wood and tile flooring and basement space

Property Analytics

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

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

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

Properties on Market for Office buildings in Roanoke

Jul
Aug
Sep
Oct

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 building - A 1925 property with an office-oriented layout, wood and tile flooring, and basement space.
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 on a 0.19‑acre parcel; MX; H‑2 zoning; Office layout with wood and tile flooring and basement space
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