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Market Place Center 114 Market St SE 1,196 - 11,387 SF of Space Available in Roanoke, VA 24011
Highlights
- Office And Retail Space
- Interior Atrium With Skylights
- Elevator Access
- Flexible Layouts
- Large Lobby Entrance
- Across From City Market
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 112 | 1,196 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $23,920 /YR $1,993 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 200 | 7,231 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $108,465 /YR $9,039 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 210 | 2,960 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $44,400 /YR $3,700 /MO | Triple Net (NNN) |
1st Floor, Ste 112
Suite 112 consists of approximately 1,196 square feet of first-level commercial space with a private side entrance. The space features an open ground-level area with tile flooring and a mezzanine level accessed by an interior stairway. The mezzanine provides additional usable space overlooking the main level. The suite is suitable for retail, studio, or office use and offers a downtown location with street presence and pedestrian access.
- Lease rate does not include utilities, property expenses or building services
- Fits 3 - 10 People
2nd Floor, Ste 200
Suite 200 consists of approximately 7,231 square feet of second-floor office space with a combination of private offices, open work areas, conference rooms, and support/storage areas. The suite features exposed brick accent walls, interior skylights, and natural light throughout. Existing built-in desks, cubicles, and casework are in place. The space is accessible via elevator and interior stairways through the building’s common areas.
- Lease rate does not include utilities, property expenses or building services
- Fits 19 - 58 People
2nd Floor, Ste 210
Suite 210 consists of approximately 2,960 square feet of second-floor office space with a combination of private offices, open work areas, interior corridors, and support spaces. The suite includes offices with windows, interior skylights providing natural light, and a kitchenette/break area. Finishes include carpeted flooring, painted walls, and drop ceilings with recessed lighting. Accessible via elevator and interior stairways.
- Lease rate does not include utilities, property expenses or building services
- Fits 8 - 24 People
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Market Place Center
- Tenant
- Description
- US Locations
- Reach
- Blue Ridge Bodega
- -
- 1
- -
- Cedars Lebanese Restaurant
- Restaurant
- 1
- Local
- La Di Design
- -
- 1
- -
- Magee, Goldstein, Lasky & Sayers
- Other Office
- 1
- Local
- Thai Continental Cuisine
- Restaurant
- 1
- Local
- Tink's Place
- Retailer
- 1
- -
| Tenant | Description | US Locations | Reach |
| Blue Ridge Bodega | - | 1 | - |
| Cedars Lebanese Restaurant | Restaurant | 1 | Local |
| La Di Design | - | 1 | - |
| Magee, Goldstein, Lasky & Sayers | Other Office | 1 | Local |
| Thai Continental Cuisine | Restaurant | 1 | Local |
| Tink's Place | Retailer | 1 | - |
Property Facts
| Total Space Available | 11,387 SF | Gross Leasable Area | 34,614 SF |
| Property Type | Retail | Year Built | 1918 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 11,387 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 34,614 SF |
| Year Built | 1918 |
About the Property
Market Place Center is a mixed-use commercial property located in the heart of Downtown Roanoke’s Market District at 112–114 Market Street SE. The building offers a professional environment with flexible floor plans suitable for office, retail, or service-oriented users. A central interior atrium with skylights and exposed brick provides shared common space and natural light throughout the building. The property benefits from strong pedestrian traffic, street-level visibility, and immediate proximity to the Historic City Market, Center in the Square, nearby restaurants, hotels, and public parking, making it an attractive downtown location for a wide range of commercial users.
- Bus Line
- Skylights
Nearby Major Retailers
Contact
-
Bryan Musselwhite CCIM, SIOR -
Investors Real Estate Partners
Presented by
Market Place Center | 114 Market St SE
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