19 Franklin Rd SW
Roanoke, VA 24011
Baker Building · Retail Property For Sale

This exceptional property offers a rare blend of commercial and residential potential in the heart of Downtown Roanoke. Imagine owning a prime mixed-use building, perfectly positioned to capitalize on the city's vibrant growth. This historic building features approximately 2,000 square feet of ground-floor commercial space with large storefront windows ensuring excellent street visibility. Upstairs, you'll find updated residential units boasting modern finishes. Currently, there is only one vacancy: a commercial space ready for immediate occupancy. While the actual NOI for the past year was $45,428, the potential NOI reflects a significantly higher return once both spaces are leased at market rates. The location is unbeatable – steps from Elmwood Park and the Market District, ensuring high walkability and strong foot traffic.
Key Advantages:
Mixed-Use Potential: Generate income from both commercial and residential tenants, diversifying your investment portfolio.
Prime Location: Benefit from high foot traffic, proximity to popular attractions, and strong community engagement.
High Visibility: The commercial space boasts large windows, maximizing exposure and attracting potential tenants.
Updated Residential Units: Modern finishes attract high-quality residential tenants and command premium rental rates.
Immediate Income Potential: Two vacancies are ready to be leased, quickly boosting your return on investment.