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120 Salem Ave SW 32,000 SF of Office/Retail Space Available in Roanoke, VA 24011
HIGHLIGHTS
- Proximity to Virginia Tech Carilion & Fralin Biomedical Research Institute (˜1 mile)
- 32,000± SF across 2 stories + mezzanine, ideal for mixed-use redevelopment
- Enterprise Zone and City Incentives – state and local redevelopment tax credits available
- Brick & Glass Façade with authentic industrial architecture
- Super Heavy Power: ~3 MW electrical capacity
FEATURES
ALL AVAILABLE SPACE(1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- SPACE USE
- CONDITION
- AVAILABLE
120 SALEM AVE | ROANOKE, VA Downtown Adaptive Reuse Opportunity | Power, Scale & Location Property Highlights 32,000± SF across 2 stories + mezzanine, ideal for mixed-use redevelopment Super Heavy Power: ~3 MW electrical capacity High Load Capacity: 250 lbs/SF floors support lab, data, or production uses Ceiling Heights: soaring 20–42 ft, perfect for creative or industrial volumes Zoning: D-Downtown District – flexible for office, retail, hospitality, or residential Enterprise Zone Incentives – state and local redevelopment tax credits available Dock-High & Drive-In Loading for versatile logistics and production uses Brick & Glass Façade with authentic industrial architecture Mezzanine-ready structure for loft offices or event overlooks Adjacent to City Skywalk and steps from civic, state, and federal buildings Proximity to Virginia Tech Carilion & Fralin Biomedical Research Institute (˜1 mile) Regional Access: Easy connection to I-581, Amtrak, Greenways, and Roanoke-Blacksburg Regional Airport Development & Adaptive Reuse Potential Creative Office Conversion: bright, open spaces with exposed materials and mezzanine lounges Innovation or Research Hub: suitable for tech, data, or biotech operations Brewery / Taproom Destination: indoor-outdoor capacity with an authentic industrial shell Urban Loft Redevelopment: high-ceiling residential units with skyline views Civic or Cultural Hub: event space, gallery, or nonprofit/education use Location Advantages In the heart of Roanoke’s urban core, surrounded by 60+ restaurants and shops Walkable to municipal and healthcare campuses Mountain and skyline views of the Blue Ridge from the upper levels Regional Reach: 194 mi to Charlotte | 251 mi to Washington, DC | 403 mi to Philadelphia | 430 mi to Atlanta Ideal For Developers seeking adaptive reuse or mixed-use repositioning Tech, creative, or biomedical tenants requiring power + proximity to Carilion & VT Hospitality or brewery operators seeking iconic downtown architecture Civic or institutional users expanding community-facing programs
- Lease rate does not include utilities, property expenses or building services
- City Views
- Innovation & Life Science Positioning
- High Load Capacity: 250 lbs/SF floors support lab,
- Finished Ceilings: 22’4”
- Developer/Investor Listing
- Super Heavy Power: ~3 MW electrical capacity
- Ceiling Heights: soaring 20–42 ft, perfect for cre
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| Ground | 32,000 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $320,000 /YR $26,667 /MO | Office/Retail | Shell Space | Now |
Ground
| Size |
| 32,000 SF |
| Term |
| Negotiable |
| Rental Rate |
| $10.00 /SF/YR $0.83 /SF/MO $320,000 /YR $26,667 /MO |
| Space Use |
| Office/Retail |
| Condition |
| Shell Space |
| Available |
| Now |
Ground
| Size | 32,000 SF |
| Term | Negotiable |
| Rental Rate | $10.00 /SF/YR |
| Space Use | Office/Retail |
| Condition | Shell Space |
| Available | Now |
120 SALEM AVE | ROANOKE, VA Downtown Adaptive Reuse Opportunity | Power, Scale & Location Property Highlights 32,000± SF across 2 stories + mezzanine, ideal for mixed-use redevelopment Super Heavy Power: ~3 MW electrical capacity High Load Capacity: 250 lbs/SF floors support lab, data, or production uses Ceiling Heights: soaring 20–42 ft, perfect for creative or industrial volumes Zoning: D-Downtown District – flexible for office, retail, hospitality, or residential Enterprise Zone Incentives – state and local redevelopment tax credits available Dock-High & Drive-In Loading for versatile logistics and production uses Brick & Glass Façade with authentic industrial architecture Mezzanine-ready structure for loft offices or event overlooks Adjacent to City Skywalk and steps from civic, state, and federal buildings Proximity to Virginia Tech Carilion & Fralin Biomedical Research Institute (˜1 mile) Regional Access: Easy connection to I-581, Amtrak, Greenways, and Roanoke-Blacksburg Regional Airport Development & Adaptive Reuse Potential Creative Office Conversion: bright, open spaces with exposed materials and mezzanine lounges Innovation or Research Hub: suitable for tech, data, or biotech operations Brewery / Taproom Destination: indoor-outdoor capacity with an authentic industrial shell Urban Loft Redevelopment: high-ceiling residential units with skyline views Civic or Cultural Hub: event space, gallery, or nonprofit/education use Location Advantages In the heart of Roanoke’s urban core, surrounded by 60+ restaurants and shops Walkable to municipal and healthcare campuses Mountain and skyline views of the Blue Ridge from the upper levels Regional Reach: 194 mi to Charlotte | 251 mi to Washington, DC | 403 mi to Philadelphia | 430 mi to Atlanta Ideal For Developers seeking adaptive reuse or mixed-use repositioning Tech, creative, or biomedical tenants requiring power + proximity to Carilion & VT Hospitality or brewery operators seeking iconic downtown architecture Civic or institutional users expanding community-facing programs
- Lease rate does not include utilities, property expenses or building services
- Finished Ceilings: 22’4”
- City Views
- Developer/Investor Listing
- Innovation & Life Science Positioning
- Super Heavy Power: ~3 MW electrical capacity
- High Load Capacity: 250 lbs/SF floors support lab,
- Ceiling Heights: soaring 20–42 ft, perfect for cre
PROPERTY OVERVIEW
Development & Adaptive Reuse Potential Creative Office Conversion: bright, open spaces with exposed materials and mezzanine lounges Innovation or Research Hub: suitable for tech, data, or biotech operations Brewery / Taproom Destination: indoor-outdoor capacity with authentic industrial shell Urban Loft Redevelopment: high-ceiling residential units with skyline views Civic or Cultural Hub: event space, gallery, or nonprofit/education use Location Advantages In the heart of Roanoke’s urban core, surrounded by 60+ restaurants and shops Walkable to municipal and healthcare campuses Mountain and skyline views of the Blue Ridge from upper levels Regional Reach: 194 mi to Charlotte | 251 mi to Washington DC | 403 mi to Philadelphia | 430 mi to Atlanta Ideal For Developers seeking adaptive reuse or mixed-use repositioning Tech, creative, or biomedical tenants requiring power + proximity to Carilion & VT Hospitality or brewery operators seeking iconic downtown architecture Civic or institutional users expanding community-facing program Recreation, Pickleball , Climbing Gym Use
WAREHOUSE FACILITY FACTS
Presented by
Elliott Inc.
120 Salem Ave SW
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