Property profile

30 Franklin Rd Roanoke, VA 24011

OFF-MARKET
Retail properties & Spaces
43,810 SF Built 1929
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1929
Total area 43,810 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm

Location

30 Franklin Rd Roanoke, VA 24011
Roanoke metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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