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    302 Jefferson St Roanoke, VA 24011

    Sponsored
    For Sale
    $3,300,000

    Six-story office building, prime location

    Property size:
    32,445 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional six-story, Class A commercial building, located at 302 S Jefferson St in downtown Roanoke, VA (APN 4011301), offers 32,445 square feet on a 5,009 square foot lot. The property is zoned D and features one building with six stories, multiple elevators, and a full basement providing versatile storage and space. The ground floor boasts a newly renovated, premium white box finish, ready for customization. All other floors are move-in ready. High ceilings and optimal floor plate depth allow for numerous use and redevelopment opportunities. The building's central location offers high traffic and excellent visibility, with easy access to amenities and parking. Nearby developments include a new music venue, restaurants, boutique hotels, and retail spaces. This multi-tenant property presents a compelling investment opportunity, perfect for a 1031 exchange, with two elevator cabs and two internal staircases. The building includes a sprinkler system. Asking price is $3,300,000.

    Property Features for 302 Jefferson St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    32,445 SF
    Class
    A

    Building Details

    Buildings
    1
    Stories
    6

    HighLights

    • Excellent location in downtown Roanoke, VA.
    • Adjacent to a major city parking garage with ample on‑street parking.
    • Six‑story, 32,445 SF building with full basement, sprinkler system, and two elevators.
    • Ideal for a 1031 exchange.
    • Features two elevator cabs and two internal staircases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Southern Coal Corporation Coalfield James C Justice ... Financial Planner Blackstone Energy Limited Mining Company Everton Partners Real Estate Consultant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.940591776393
    Latitude
    37.271199646992

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    FAQs

    What type of property is this?
    Office Property / Space - Six-story office building, prime location
    Where is this office property / space located?
    The property is located at 302 Jefferson St Roanoke, VA.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: Excellent location in downtown Roanoke, VA.; Adjacent to a major city parking garage with ample on-street parking.; Six-story, 32,445 SF building with full basement, sprinkler system, and two elevators.
    Request Owner's contact information
    302 Jefferson St 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
    302 Jefferson St Roanoke, VA 24011
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