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Modernized Office Units
New
For Lease
$17.82 SF/Yr

707 S Jefferson Street, Roanoke, VA 24016

Restored and updated office units near Elmwood Park in downtown Roanoke.

Space Size7,563 SF
Property Size37,002 SF
Days on Market2

Property Features for 707 S Jefferson Street

General Information

Standard status Active
Size 7,563 SF
Net Rentable 7,563 SF
Class C
Property subtype Office
Lease Type Gross
Lease Term Full Service

Space & Availability

Available Space 7,563 SF
Contiguous Space 7,563 SF
Space Use Office

Additional Details

Highway Access Yes

Building Details

Building Size 37,002 SF
Year Built 1964

Spaces For Lease

at 707 S Jefferson Street Contact us

5th Floor $17.82/SF/Yr

Size
7,563 SF
Type
Office Building
Term
Negotiable
Contact us
Listing Agency: Poe & Cronk Real Estate
Listed By: Richard Wellford, CCIM · License #0225077598
Source: Poecronk
Added: Sep 16 Last Checked: Sep 16 at 1:41PM

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.

The 1964 office building at 707 S Jefferson Street has undergone a complete restoration and modernization. Approximately 7,563 square feet is available for lease, providing custom-built office space within a renovated commercial property.

The building is located in downtown Roanoke across from Elmwood Park and less than 1/4 mile from the I-81 interchange. Parking is available next door on Jefferson and Elm or in the parking garage across the street.

Key Highlights

  • Approximately 7,563 square feet available for lease
  • 1964 office building completely restored and modernized
  • 707 S Jefferson Street in downtown Roanoke

Property Analytics

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Current Use

Benefit Plan Administrators Insurance Agency Vistar Eye Center: ... Physician Vistar Eye Center: ... Physician Tims Joseph S ... Ophthalmologist Karli Spetzler Griffeth, ... Ophthalmologist

Suggested Use

Top Pick Pharmacy Nail Salon Auto Parts Store Pet Grooming Service Carpet & Flooring Store 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
Highway access
NNN (Triple Net)
Lease Type
$2.67 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,171
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Roanoke, VA

$13.66 /SF/Yr
Avg Asking Price
$9.75–$20 /SF/Yr
Price Range
4,182 SF
Avg Space Size

This space is priced 30% above the average of $13.66 /SF/Yr.

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 units - Restored and updated office units near Elmwood Park in downtown Roanoke.
Where is this office units located?
The property is located at 707 S Jefferson Street Roanoke, VA.
What is the lease rate?
The lease rate is $17.82 SF/Yr.
What are key features of this property?
This property features: Approximately 7,563 square feet available for lease; 1964 office building completely restored and modernized; 707 S Jefferson Street in downtown Roanoke
More about this property
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