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Colonial Avenue Office Space Available
For Lease
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2728 Colonial Ave SW, Roanoke, VA 24015

Office building for rent with utilities and janitorial included.

Space Size120 SF - 632 SF
Property Size24,685 SF
Days on Market1835

Property Features for 2728 Colonial Ave SW

General Information

Standard status Active
Size 120 SF - 632 SF
Class B
Property subtype Office
Lease Type Full Service

Building Details

Building Size 24,685 SF
Year Built 1950
Tenancy Multiple

Spaces For Lease

at 2728 Colonial Ave SW Contact us

Suite 2

Size
437 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 123

Size
260 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 103

Size
632 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 115

Size
120 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 15

Size
304 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suite 20

Size
448 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

Suites 104 & 106

Size
458 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: MKB Commercial
Listed By: Henry Scholz · License #VA 0225055191
Source: Crexi
Added: Aug 26, 2021 Changed: Aug 19 Last Checked: Aug 30 at 10:12PM

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 MKB Commercial

Investment Insights

Based on property information with market context.

Located on Colonial Avenue, near the Colonial exit of Interstate 581, this office building is situated between Towers Shopping Center and Virginia Western College. The rental rate ranges from $14.95 to $17.95 per square foot, which includes utilities and janitorial service. A 10% common area factor is added to the usable square footage to determine the rentable square footage. The property features a large parking lot at the rear for tenants and an additional parking lot in front for guests.

Key Highlights

  • Highly convenient location near Interstate 581, Towers Shopping Center, and Virginia Western College.
  • Rental rate includes utilities and janitorial service.
  • Ample parking available for both tenants and guests.

Property Analytics

Current Use

The Law Office of Kirk ... Law Firm Bowman Gary M Law Firm Ashton Law Office, ... Law Firm Body & Sole Therapy ... Alternative Medicine Practice Massage by Maggie Alternative Medicine Practice

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Auto Parts Store Barber Shop Plumbing Service Carpet & Flooring Store

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

NNN (Triple Net)
Lease Type
$2.24 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

773
Businesses Nearby

Demographics for 24015, VA

15,973
Population
7,593
Households
2.1
Avg Household Size
40
Median Age
46%
College-Educated
97%
High-School Grad
4.7 sq mi
ZIP Area
3,399
Density / Sq Mi
$69,840
Median Household Income
$46,638
Median Earnings
$884
Median Rent
$251,000
Median Home Value

Market

Lease Benchmarks for Roanoke, VA

$15.25 /SF/Yr
Avg Asking Price
$13.5–$18.5 /SF/Yr
Price Range
25,841 SF
Avg Space Size

This space is priced 2% below the average of $15.25 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building for rent with utilities and janitorial included.
Where is this office building located?
The property is located at 2728 Colonial Ave SW Roanoke, VA.
What is the lease rate?
The lease rate is $14.95 SF/Yr.
What are key features of this property?
This property features: Highly convenient location near Interstate 581, Towers Shopping Center, and Virginia Western College.; Rental rate includes utilities and janitorial service.; Ample parking available for both tenants and guests.
(540) 989-4555 Call to check price and availability
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