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120 Salem Ave SW
Roanoke, VA 24011
Property For Lease · 53,787 SF

Highlights

  • Proximity to Virginia Tech Carilion & Fralin Biomedical Research Institute (˜1 mile)
  • 32,000± SF across 3 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

About the Property

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 Fordevelopers 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

Property Facts

Property Type Specialty
Building Size 53,787 SF
Year Built 2003
  • Listing ID: 38108046

  • Date on Market: 10/16/2025

  • Last Updated:

  • Address: 120 Salem Ave SW, Roanoke, VA 24011

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