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    30 Franklin Rd Roanoke, VA 24011

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Executive Suites, 699-1611 sq ft

    Lot size:
    43,810 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Professional Arts Building, located at 30 Franklin Rd SW in Roanoke, VA 24011, offers exceptional executive office space in a revitalized downtown setting. This nine-story, Class B building, originally constructed in 1929 and fully renovated in 2015, boasts 43,810 total square feet with 3,500 square feet currently vacant. Units range from a minimum of 699 square feet to a maximum contiguous space of 1,611 square feet, perfect for a variety of business needs. The building features a 12-foot ceiling height and provides 66 parking spaces, a rare amenity in the downtown core. Individual HVAC control in each suite ensures optimal comfort. Rent includes utilities and janitorial services, minimizing operational overhead. Situated in Roanoke's vibrant central business district (CBD), the building is within walking distance of numerous restaurants, entertainment venues in the City Market area, and the Hotel Roanoke and Conference Center. The building is zoned D - Downtown, reflecting its prime location. This property presents a unique opportunity to establish a presence in a thriving and revitalized urban environment. The building offers magnificent views in every direction.

    Property Features for 30 Franklin Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,810 SF
    Class
    B
    Total Rate
    67540.42

    Building Details

    Year Built/Renovated
    1929/2015
    Buildings
    1
    Stories
    9

    Unit(s) available at that property

    Space
    3rd Fl, Ste 301
    Size
    1,611 SF
    Rate per SF
    $18
    Space
    1st Fl, Ste 28
    Size
    1,190 SF
    Rate per SF
    $18
    Space
    6th Fl, Ste 602
    Size
    1,450 SF
    Rate per SF
    $18
    Space
    3rd Fl, Ste 302
    Size
    912 SF
    Rate per SF
    $18
    Space
    6th Fl, Ste 600
    Size
    1,250 SF
    Rate per SF
    $18
    Space
    5th Fl, Ste 504
    Size
    699 SF
    Rate per SF
    $18
    Space
    5th Fl, Suite 505
    Size
    548 SF
    Rate per SF
    $18

    HighLights

    • Completely renovated 1929 historic building.
    • Individual suite climate control (HVAC).
    • On‑site parking available (fee applies).
    • 24/7 building access.
    • Tenant‑use conference room under construction.
    • Building offers excellent views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roanoke Criminal Attorneys Criminal Justice Attorney Daniel F Layman ... Real Estate Attorney Eugene M. Elliott, ... Divorce Lawyer Black Mark A - Brumberg ... Attorney Hixson Heath A Attorney

    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
    -79.9409555
    Latitude
    37.2705776

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    FAQs

    What type of property is this?
    Retail property - Prime Executive Suites, 699-1611 sq ft
    Where is this retail property located?
    The property is located at 30 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: Completely renovated 1929 historic building.; Individual suite climate control (HVAC).; On-site parking available (fee applies).
    Request Owner's contact information
    30 Franklin Rd 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

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    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
    30 Franklin Rd Roanoke, VA 24011
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