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    19 Franklin Rd Roanoke, VA 24011

    Sponsored
    For Lease
    $18 SF/Yr ($8,820 /Mo)

    Prime Roanoke office, 2,000 sq ft available

    Lot size:
    5,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,000 square foot office space is situated on the first floor of a historic building at 19 Franklin Rd SW in the vibrant heart of Downtown Roanoke, Virginia. The property, built in 1915, offers a unique blend of character and modern functionality, ideal for a variety of businesses. The building's total square footage is 5,880 square feet, with multiple tenants currently occupying the remaining space. This particular unit presents a fantastic opportunity for businesses seeking a prominent location in a thriving urban environment. The property is classified as Retail and Office, with subtypes including Traditional Office, Executive Office, Coworking, and Creative Office, making it versatile and adaptable to diverse needs. The property's Assessed Parcel Number (APN) is 1012714. The available space is ready for immediate occupancy and presents a chance to establish a presence in a dynamic and well-connected area of Roanoke, VA, zip code 24011. The building's historical charm combined with its central location makes this a truly unique and desirable commercial property. This listing represents a rare opportunity to secure a significant amount of office space in a highly sought-after downtown location. Contact us today to schedule a viewing.

    Property Features for 19 Franklin Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,880 SF
    Total Rate
    8820

    Building Details

    Year Built
    1915

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,000 SF
    Rate per SF
    $18

    HighLights

    • High foot traffic.
    • Excellent street visibility on Franklin Road, ideal for signage.
    • Prime downtown Roanoke location near retail, banking, and restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wild Berry Tea ... Spa

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.941466329694
    Latitude
    37.269246541545

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    FAQs

    What type of property is this?
    Office space - Prime Roanoke office, 2,000 sq ft available
    Where is this office space located?
    The property is located at 19 Franklin Rd Roanoke, VA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: High foot traffic.; Excellent street visibility on Franklin Road, ideal for signage.; Prime downtown Roanoke location near retail, banking, and restaurants.
    Request Owner's contact information
    19 Franklin Rd Roanoke, VA 24011
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    Roanoke, VA 24011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19 Franklin Rd Roanoke, VA 24011
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