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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

30 Franklin Rd Roanoke, VA 24011

43,810 SF Built 1929
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Roanoke Criminal Attorneys Law Firm
  • Daniel F Layman Jr Attorney At Law Law Firm
  • Eugene M. Elliott, Jr., Attorney at Law Law Firm
  • Black Mark A - Brumberg Mackey & Wall PLC Law Firm
  • Hixson Heath A Law Firm
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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