Search
Three-Story Office Building
For Sale
$1,095,000

317 Washington Ave SW, Roanoke, VA 24016

Office property with an auxiliary building, unfinished basement, on-site parking, and proximity to Downtown Roanoke and US 220.

Property Size4,343 SF
Price / SF$165.51
Days on Market91

Property Features for 317 Washington Ave SW

General Information

Standard status Active
Size 4,343 SF
Class A
Property subtype Office

Site & Location

Highway Access Yes
Utilities to Site Yes

Additional Details

Furnished No
Opportunity Zone Yes
Sprinkler System Yes

Amenities

Security System
Monument Signage
Functional Commercial Kitchen

Building Details

Building Size 4,343 SF
Year Built 1910
Year Renovated 2012
Buildings 2
Stories 3
Listing Agency: Poe & Cronk Real Estate Group
Listed By: Matt Huff, CCIM, SIOR · License #0225271659
Source: Poecronk
Added: Jun 2 Changed: Aug 31 Last Checked: Aug 31 at 2:44PM

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 Poe & Cronk Real Estate Group

Investment Insights

Based on property information with market context.

This three-story office property was converted for office use in 2012 and includes a 4,343 SF main building, a 1,281 SF unfinished basement, and a 992 SF auxiliary building with a bathroom. The property also features a functional commercial kitchen, security system, monument signage, and furniture available for purchase. Public water and sewer serve the buildings, and the property is equipped with sprinklers.

Off-street parking is located in front of the building, with potential shared parking behind the property with the church. The adjoining lot and driveway provide additional space that could be utilized for parking. The property is near Downtown Roanoke and US 220.

Key Highlights

  • 4,343 SF main office building converted for office use in 2012
  • 1,281 SF unfinished basement included
  • 992 SF auxiliary building with a bathroom

Property Analytics

Current Use

Lugar Injury Law Law Firm

Suggested Use

Top Pick Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store Wine and Liquor Store Pet Grooming Service Florist

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
Sprinkler system
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3,413
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

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - Office property with an auxiliary building, unfinished basement, on-site parking, and proximity to Downtown Roanoke and US 220.
Where is this office building located?
The property is located at 317 Washington Ave SW Roanoke, VA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 4,343 SF main office building converted for office use in 2012; 1,281 SF unfinished basement included; 992 SF auxiliary building with a bathroom
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message