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South Roanoke Office/Medical Building For Sale
For Sale
$1,750,000

301 McClanahan Street SW, Roanoke, VA 24014

Office or medical building near Carilion Roanoke Memorial Hospital.

Property Size6,631 SF
Price / SF$263.91
Days on Market320

Property Features for 301 McClanahan Street SW

General Information

Standard status Active
Size 6,631 SF
Class B
Property subtype Office

Building Details

Building Size 6,631 SF
Listing Agency:
Listed By: Matt Huff, CCIM, SIOR
Source: Tcnworldwide
Added: Sep 25, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:02PM

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 Matt Huff, CCIM, SIOR

Investment Insights

Based on property information with market context.

Located in the South Roanoke neighborhood, this building offers approximately 6,631 square feet across two floors and is suitable for office, medical, or service-oriented businesses. Formerly a Wells Fargo bank branch, the property includes 34 on-site parking spaces and multiple ingress/egress points. The first floor features offices with a drive-thru, while the second-floor office space has been recently renovated and is ready for immediate use. The property is situated near the main campus of Carilion Roanoke Memorial Hospital and the Crystal Spring neighborhood, providing excellent location and visibility. It also offers convenient access to I-581 and US 220, as well as the broader South Roanoke area. Redevelopment and build-to-suit options are available.

Key Highlights

  • Excellent location adjacent to Carilion Roanoke Memorial Hospital and Crystal Spring neighborhood.
  • 34 on‑site parking spaces.
  • ±6,631 SF on two floors, suitable for office, medical, or service use.

Property Analytics

Current Use

Wells Fargo Bank Bank Mutual Smart Insurance ... Insurance Agency

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Restaurant

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

1,943
Businesses Nearby

Demographics for 24014, VA

16,869
Population
8,508
Households
2
Avg Household Size
45
Median Age
39%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
618
Density / Sq Mi
$65,089
Median Household Income
$46,225
Median Earnings
$949
Median Rent
$260,300
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?
Office building - Office or medical building near Carilion Roanoke Memorial Hospital.
Where is this office building located?
The property is located at 301 McClanahan Street SW Roanoke, VA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Excellent location adjacent to Carilion Roanoke Memorial Hospital and Crystal Spring neighborhood.; 34 on‑site parking spaces.; ±6,631 SF on two floors, suitable for office, medical, or service use.
More about this property
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