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Other industrial properties
VA
Roanoke
24011
302 Jefferson St

Property profile

302 S Jefferson St Roanoke, VA 24011

FOR SALE

Industrial properties

Property ID

US87-1662606

28,626 SF 0.11 ac lot Built 1907

Entity Owned ~ Est. High Equity

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$2,600,000 28,626 SF

302 S Jefferson St, Roanoke, VA 24011
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This exceptional six-story, Class A commercial building, located at 302 S Jefferson St in downtown Roanoke, VA (APN 4011301), offers 32,445 square feet on a 5,009 square foot lot. The property is zoned D and features one building with six stories, multiple elevators, and a full basement providing versatile storage and space. The ground floor boasts a newly renovated, premium white box finish, ready for customization. All other floors are move-in ready. High ceilings and optimal floor plate depth allow for numerous use and redevelopment opportunities. The building's central location offers high traffic and excellent visibility, with easy access to amenities and parking. Nearby developments include a new music venue, restaurants, boutique hotels, and retail spaces. This multi-tenant property presents a compelling investment opportunity, perfect for a 1031 exchange, with two elevator cabs and two internal staircases. The building includes a sprinkler system. Asking price is $3,300,000.

Property type Industrial properties

Use group MIXED USE (COMMERCIAL/INDUSTRIAL)

Year built 1907

Construction STEEL FRAME

Total area 28,626 SF

Lot 0.11 ac (5,009 SF)

Zoning code D

APN 401-1301

UPID US87-1662606

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Coalfield
Financial Advisor
Industrial Park Production Facility
Real Estate Agency

302 S Jefferson St Roanoke, VA 24011

Roanoke metro Census 1100 ROANOKE, VA METROPOLITAN STATISTICAL AREA

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CAP Approach CAP

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Comparable Approach Comparable

$2.43M

Blend (final) Blend

$2.47M

since 2026

5 recorded transactions

2026

$2.2M

2014

$3.2M

2012

$2.1M

2007

$1.8M

2007

$1.8M

Zoning description

planting size as listed in £ection 36.2 642. 201 7 Zoning Amendments 5.23.18. 40 (dsD_ Standards in the CN and D Districts. Any gasoline station located in the Commercial-Neighborhood District (CN) or Downtown District (…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi

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Value Estimation by Request
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