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Roanoke Office & Flex Building

1818 Centre Ave NW, Roanoke, VA 24017

For Sale
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8,139 SF office and flex building for sale.

Property Size8,139 SF
Price / SF$82.93
Days on Market286

Property Features for 1818 Centre Ave NW

General Information

Standard status Active
Size 8,139 SF
Property subtype Industrial, Mixed Use, Office, Special Purpose
Investment Type Owner/User

Building Details

Year Built 2009
Listing Agency: Cushman & Wakefield Thalhimer - Roanoke, Virginia
Listed By: Boyd Johnson · License VA #0225196068
Source: Crexi
Added: Jan 29 Changed: Nov 9 Last Checked: Nov 8 at 9:27AM

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 Cushman & Wakefield Thalhimer - Roanoke, Virginia

Rey
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Investment Insights

Based on property information with market context.

The property at 1818 Centre Ave NW, Roanoke, VA, features an 8,139 SF office and flex building. The main level comprises 2,669 SF, the top floor is 2,735 SF, and the basement is 2,735 SF. Approximately 1,641 SF of the main level is configured as office space, including 3 private offices, a kitchen, and a common area. The remaining 1,028 SF portion of the main level is in shell condition, offering design and build-out opportunities. The basement includes four 10’x12’ roll-up doors, a restroom, and gas heaters, making it suitable for storage, shop space, light manufacturing, or service operations. An adjacent single-family structure is included on the property, presenting redevelopment or removal potential to add additional lay-down yard. The site includes former oil storage tanks previously used for No. 2 fuel oil (heating oil), which have been properly decommissioned but could be recommissioned for future business use. The property is zoned I-1, allowing for a variety of office, light industrial, and service-oriented uses.

Key Highlights

  • 8,139 SF office & flex building with flexible zoning.
  • Basement equipped with four 10’x12’ roll‑up doors, restroom, and gas heaters, ideal for storage.
  • Includes adjacent single‑family structure, offering redevelopment potential.

Property Analytics

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

Current Use

A Byron Smith Oil ... Big Box & Wholesale Store

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Spa & Massage Center Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

458
Businesses Nearby
Under-served
Demand for This Use

Demographics for 24017, VA

23,902
Population
11,263
Households
2.1
Avg Household Size
38
Median Age
17%
College-Educated
87%
High-School Grad
9.0 sq mi
ZIP Area
2,656
Density / Sq Mi
$45,954
Median Household Income
$30,345
Median Earnings
$966
Median Rent
$139,800
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 Flex space in Salem County

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in Roanoke, VA

5.4% 2019
5.3% 2020
5.9% 2021
3.1% 2022
2.2% 2023
2.4% 2024
3.3% 2025

Similar Off Market Nearby

  • Dora's Kitchen — 1102 Orange Ave NW, Roanoke, VA 24017

Frequently Asked Questions

What type of property is this?
Flex space - 8,139 SF office and flex building for sale.
Where is this flex space located?
The property is located at 1818 Centre Ave NW Roanoke, VA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 8,139 SF office & flex building with flexible zoning.; Basement equipped with four 10’x12’ roll‑up doors, restroom, and gas heaters, ideal for storage.; Includes adjacent single‑family structure, offering redevelopment potential.
(540) 204-0120 Call to check price and availability
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