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    1602 Rutrough Rd Roanoke, VA 24014

    Sponsored
    For Sale
    $350,000

    Prime Midtown location, flexible suites available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Midtown South office property at 42 W 38th St offers a diverse range of spaces perfect for various business needs. Located in the vibrant Garment District, this 64,365 square foot building boasts a rich history, having been constructed in 1936, and now provides modern amenities for today's businesses. Multiple tenancy options are available, with six individual spaces currently available, ranging from 1,400 to 2,215 square feet. The building caters to a variety of office styles, including traditional, executive, coworking, medical, and creative office setups, offering flexibility to suit diverse business models. Tenants enjoy convenient 24/7 access with a dedicated doorman, ensuring security and peace of mind. Individual climate control allows for personalized comfort, while abundant natural light creates a welcoming and productive work environment. The building's prime location offers unparalleled accessibility, with easy walking distance to numerous subway lines (A, C, E, N, Q, R, W, S, 4 & 6) and a plethora of bus routes. The surrounding area is brimming with a wide selection of restaurants, bars, and entertainment options, providing employees with a vibrant and convenient work-life balance. This is a truly unique opportunity to secure office space in one of Manhattan's most sought-after locations.

    Property Features for 1602 Rutrough Rd

    General Information

    Property type
    Land
    Lot Size
    98,446 SF

    HighLights

    • Midtown South Garment District office building totaling 64,365 square feet.
    • Multiple tenancies available, ranging from 1,400 to 2,215 square feet.
    • Building constructed in 1936, located in New York County.
    • Features include 24/7 access with doorman, tenant‑controlled A/C, and abundant natural light.
    • Excellent transit access via multiple subway lines and bus routes.
    • Surrounded by numerous restaurants, bars, and other amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center Skin Care Clinic Kitchen & Bath 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
    -79.9142093
    Latitude
    37.2508001

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    FAQs

    What type of property is this?
    Land - Prime Midtown location, flexible suites available.
    Where is this land located?
    The property is located at 1602 Rutrough Rd Roanoke, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Midtown South Garment District office building totaling 64,365 square feet.; Multiple tenancies available, ranging from 1,400 to 2,215 square feet.; Building constructed in 1936, located in New York County.
    (540) 982-0011
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    1602 Rutrough Rd Roanoke, VA 24014
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    Roanoke, VA 24014
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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
    1602 Rutrough Rd Roanoke, VA 24014
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