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    408 Jefferson St Roanoke, VA 24011

    Sponsored
    For Lease
    $20 SF/Yr

    Prime location, 1750 sq ft, high foot traffic

    Lot size:
    1,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,750 square foot retail storefront at 408 S Jefferson St in Roanoke, Virginia, presents a compelling investment opportunity. Built in 1925, this single-tenant property sits on a 0.171-acre lot and is zoned D. The building is a single-story structure offering ample space for a variety of retail uses. Its prime downtown Roanoke location ensures high visibility and foot traffic, benefiting from the proximity to popular establishments such as Well Hung Vineyard and Mast General Store. The vibrant atmosphere of downtown Roanoke, with its diverse mix of restaurants and retail stores, attracts a broad customer base. This property's strategic positioning within this bustling area offers significant potential for growth and success. The property's APN is 4011701. This is a single-tenant space, ideal for a business seeking a strong presence in a thriving urban environment. The property's historical charm, combined with its modern-day appeal, makes it an attractive option for discerning entrepreneurs. Serious inquiries are encouraged.

    Property Features for 408 Jefferson St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,750 SF

    Building Details

    Year Built
    1925
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,750 SF
    Rate per SF
    $20

    HighLights

    • High pedestrian traffic.
    • Abundant natural light.
    • Open floor plan featuring high ceilings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -79.940461057971
    Latitude
    37.270421523093

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, 1750 sq ft, high foot traffic
    Where is this individual retail property located?
    The property is located at 408 Jefferson St Roanoke, VA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High pedestrian traffic.; Abundant natural light.; Open floor plan featuring high ceilings.
    Request Owner's contact information
    408 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
    408 Jefferson St Roanoke, VA 24011
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