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Aurora 110 Campbell Ave SW 28 Unit Apartment Building $4,275,000 ($152,679/Unit) Roanoke, VA 24011

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INVESTMENT HIGHLIGHTS

28 loft style apartments with 12 commercial spaces
75-foot skylight providing natural light throughout

Fully renovated in 2015 including new plumbing, HVAC, and electrical
Secure building access, rooftop deck, storage rooms, and community recycling program

EXECUTIVE SUMMARY

Situated along a main thoroughfare and walkable to all downtown amenities, 110 Campbell has been a fixture of Roanoke since 1910 and offers investors the opportunity to acquire a stabilized redevelopment project anchored in the core of Roanoke’s business district. Originally constructed as a Montgomery Ward Department store, this iconic building went under full renovation in 2015 to include all new plumbing, HVAC, and electrical systems at which point it was reintroduced to the community as “The Aurora”. Upon street level entry the mix of 28 loft style apartments and 12 commercial spaces span out from the grand three-story central atrium that is positioned under a dramatic 75-foot skylight which provides an open modern feel and an abundance of natural light. The ground floor of the building offers commercial tenants easily accessible, well-appointed individual spaces and multiple common areas. All residential apartments units feature stainless steel appliances, in-unit laundry, central HVAC, and Greenguard certified solid surface countertops. Other highlights include secure building access, elevator, rooftop deck, storage rooms, and community recycling program.

110 Campbell Brochure

PROPERTY FACTS

Price	$4,275,000	Building Class	B
Price Per Unit	$152,679	Lot Size	0.24 AC
Sale Type	Investment	Building Size	37,227 SF
No. Units	28	Average Occupancy	92%
Property Type	Multifamily	No. Stories	3
Property Subtype	Apartment	Year Built/Renovated	1910/2015
Apartment Style	Mid-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	D - Downtown

Price	$4,275,000
Price Per Unit	$152,679
Sale Type	Investment
No. Units	28
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	B
Lot Size	0.24 AC
Building Size	37,227 SF
Average Occupancy	92%
No. Stories	3
Year Built/Renovated	1910/2015
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	D - Downtown