Downtown Roanoke Office
34 Campbell Avenue Southwest Roanoke, Roanoke, VA 24011
Five-story office building in downtown Roanoke with stable tenant mix.
Type:Office
Property size:
102,580 SFPrice / SF:
$47/SF- Added:
- Sep 25, 2025
- Days on Market:
- 251
- Last Refresh:
- May 8 at 9:35 pm
Property Features for 34 Campbell Avenue Southwest Roanoke
General Information
- Standard status
- Active
- Size
- 102,580 SF
- Property subtype
- Office
Building Details
- Year Built
- 1956
Listing agent Jacob Quesinberry, SIOR License #0225193464 (540) 353-5344
Listing office Poe & Cronk Real Estate Group (540) 353-5344
Listing date Sep 25, 2025
Source Tcnworldwide
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All listing content including descriptions, pricing, images are the copyrighted material of Poe & Cronk Real Estate Group
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.
- GSA leases are "firm term non‑cancellable".
- 9.0% CAP Rate on in‑place net income.
- Multiple nearby parking options available.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Defense Tax Group ...
Tax Preparation
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Salem
- State
- Virginia
- Longitude
- -79.9422
- Latitude
- 37.2718
Nearby Similar for Sale
FAQs
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 Roanoke, VA.
What is the asking price?
The asking price for this property is $4,900,000.
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.
