Lotz Funeral Home 1001 Franklin Ave SW 38,330 SF Retail Building Roanoke, VA 24016 $1,800,000 ($46.96/SF)

Located at the prominent corner of Franklin Road and Highland Avenue in Roanoke’s Old Southwest Historic District, 1001 Franklin Road SW presents a rare opportunity for institutional, educational, or community-serving users. This ±20,913-square-foot brick and mortar structure spans 1.52 acres and includes a sanctuary, administrative offices, garage bays, and support spaces—making it ideally suited for adaptive reuse.
The property’s MX zoning allows for a wide range of uses including residential, office, and limited retail, while its historic overlay ensures architectural integrity through design review. With ±56 on-site parking spaces and walkable access to Downtown Roanoke, Carilion Clinic, and South Roanoke amenities, the site offers both convenience and visibility in a high-demand urban setting.
Currently occupied by Lotz Funeral Home, the building will be delivered vacant with a deed restriction prohibiting future funeral home use. Its layout and infrastructure support high-occupancy operations, making it a compelling fit for mission-driven organizations, private schools, civic institutions, or religious facilities.
Roanoke’s Old Southwest neighborhood continues to attract investment due to its architectural charm, stable pricing, and proximity to major employers and cultural venues. With strong market fundamentals and a strategic location, this property offers significant potential for value creation and long-term impact.