302 Jefferson StRoanoke, VA 24011

Property Details for 302 Jefferson St

Year built

1907

Construction

STEEL FRAME

Lot size

0.11 AC

Property size (Sq ft)

28,626 SF

Zone code

D

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

401-1301

APU

4011301

Description

This exceptional six-story, Class A commercial building, located at 302 S Jefferson St in downtown Roanoke, VA (APN 4011301), offers 32,445 square feet on a 5,009 square foot lot. The property is zoned D and features one building with six stories, multiple elevators, and a full basement providing versatile storage and space. The ground floor boasts a newly renovated, premium white box finish, ready for customization. All other floors are move-in ready. High ceilings and optimal floor plate depth allow for numerous use and redevelopment opportunities. The building's central location offers high traffic and excellent visibility, with easy access to amenities and parking. Nearby developments include a new music venue, restaurants, boutique hotels, and retail spaces. This multi-tenant property presents a compelling investment opportunity, perfect for a 1031 exchange, with two elevator cabs and two internal staircases. The building includes a sprinkler system. Asking price is $3,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,894,354

  6.5%

  $3,594,788

  7%

  $3,338,018

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,632,054

  Geo Method

  $10,184,759

• Alternative Use

  Use

  Valuation

  Residential

  $3,594,788

  Hospitality

  $3,292,807

  Educational

  $2,739,577

  Medical

  $2,833,795

  Retail

  $4,261,564

Location Insight

City

Roanoke

County

Roanoke City

State

Virginia

Latitude

37.271

Longitude

-79.9403

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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