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Redevelopment Office Building Site
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510 Mcclanahan St SW, Roanoke, VA 24014

A 1,521 SF office building on 1.0574 acres with high-visibility frontage on McClanahan Street and Franklin Road.

Property Size1,521 SF
Lot Size1.06 Acres
Price / SF$986.19
Days on Market783

Property Features for 510 Mcclanahan St SW

General Information

Standard status Active
Size 1,521 SF
Lot size 1.06 Acres
Property subtype OFFICE
Zoning Commercial General

Additional Details

Business Included No
Listing Agency: Cushman & Wakefield | Thalhimer - Roanoke
Listed By: Price Gutshall · License #4001000797
Source: Moodyscre
Added: Jun 18, 2024 Changed: Aug 8 Last Checked: Aug 8 at 6:38PM

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 Cushman & Wakefield | Thalhimer - Roanoke

Investment Insights

Based on property information with market context.

This redevelopment office building sits on 1.0574 acres and includes a 1,521 SF building. The property is described as a prime redevelopment opportunity in a strong commercial area, and it is zoned Commercial General, supporting a variety of uses.

The site is located in South Roanoke near Carilion Clinic, Earth Fare, and Towers Shopping Center, with high visibility on McClanahan Street and Franklin Road. The surrounding area includes restaurants, retail, and other commercial businesses.

For buyers evaluating redevelopment and flexible commercial use under Commercial General zoning, the combination of building area and prominent street frontage may support a range of reconfiguration plans, subject to applicable approvals.

Key Highlights

  • 1.0574 acres with a 1,521 SF office building
  • High‑visibility frontage on McClanahan Street and Franklin Road
  • Zoned Commercial General, allowing for a variety of uses

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Electrical Service Plumbing Service Furniture & Home Goods Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith

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 - A 1,521 SF office building on 1.0574 acres with high-visibility frontage on McClanahan Street and Franklin Road.
Where is this office building located?
The property is located at 510 Mcclanahan St SW Roanoke, VA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1.0574 acres with a 1,521 SF office building; High‑visibility frontage on McClanahan Street and Franklin Road; Zoned Commercial General, allowing for a variety of uses
(540) 797-5435 Call to check price and availability
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