Downtown Roanoke Office
For Sale
$4,250,000
34 Campbell Avenue Southwest, Roanoke, VA 24011
Five-story office building in downtown Roanoke with stable tenant mix.
Property Size102,580 SF
Price / SF$41.43
Days on Market320
Property Features for 34 Campbell Avenue Southwest
General Information
Standard status
Active
Size
102,580 SF
Class
B
Property subtype
Office
Building Details
Building Size
102,580 SF
Year Built
1956
Listing Agency:
Poe & Cronk Real Estate
(540) 353-5344
Listed By:
Jacob Quesinberry, SIOR · License #0225193464
(540) 353-5344
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: May 8 at 9:35PM
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
Investment Insights
Based on property information with market context.
First Campbell Square, a five-story office building in downtown Roanoke, is available for new ownership. The property features rentable office space with a stable tenant mix, offering in-place income and a value-add opportunity for investors or owner-users. The tenant mix includes federal and state government agencies, along with private sector professional and medical service companies. The U.S. General Service Administration occupies approximately 35% of the building, and the Commonwealth of Virginia occupies 24% of the rentable building area. Available space in the building is suitable for an owner occupant needing space for their own business while generating long-term value through higher occupancy. An investor owner can realize a gain through a stabilized occupancy rate, increasing the market value of the asset. First Campbell Square is located in the heart of the central business district of downtown Roanoke, a vibrant and walkable area with a diverse mix of retail, residential, and restaurants. Investment in the downtown Roanoke area is at an all-time high. The property is situated across Campbell Avenue from The Bower, a new $25 million mixed-use development featuring retail spaces and 90 residential living units. Multiple parking options are available, from street parking to public and private parking garages and surface parking lots. The property is located at the corner of Campbell Avenue and First Street in downtown Roanoke.
Key Highlights
- Stable cash‑flowing asset with long‑term government tenants (GSA and Commonwealth of Virginia occupying 59% of rentable area).
- Significant value‑add opportunity through increased occupancy and higher net operating income.
- Located in the heart of downtown Roanoke's vibrant central business district with diverse amenities and high investment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 24011, VA
908
Population
645
Households
1.4
Avg Household Size
32
Median Age
83%
College-Educated
99%
High-School Grad
0.2 sq mi
ZIP Area
4,540
Density / Sq Mi
$55,882
Median Household Income
$50,599
Median Earnings
$1,091
Median Rent
$839,300
Median Home Value
Market
Vacancy Rate% for Office in Roanoke, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Five-story office building in downtown Roanoke with stable tenant mix.
Where is this office building located?
The property is located at 34 Campbell Avenue Southwest Roanoke, VA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Stable cash‑flowing asset with long‑term government tenants (GSA and Commonwealth of Virginia occupying 59% of rentable area).; Significant value‑add opportunity through increased occupancy and higher net operating income.; Located in the heart of downtown Roanoke's vibrant central business district with diverse amenities and high investment.
