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22 Campbell Ave SE 4,400 SF 100% Leased Retail Building Roanoke, VA 24011 $875,000 ($198.86/SF)
INVESTMENT HIGHLIGHTS
- Central, high-traffic location
- Established tenant in first floor Retail unit
- Fully sprinklered throughout
- Convenient to I-581, I-81 and Roanoke-Blacksburg Regional Airport
- Second floor 2bd/2bth Residential unit nicely renovated in 2021
- Existing freight elevator
EXECUTIVE SUMMARY
Strategically positioned in the midst of vibrant Downtown Roanoke, this two unit, fully sprinklered 4,400 SF building seamlessly blends historic charm with modern convenience and presents an exceptional opportunity for investors. As Downtown Roanoke is home to more than 900 business and 2600 residents, 22 Campbell Avenue SE is accessible and highly visible. The glass-front first floor is configured as a street-level retail space that includes a half restroom and is leased to The Market Gallery through March 31, 2030.
The second floor has been renovated into an attractive, modern 2bd/2bth residence (2021) and will be available for new occupancy as of February 1, 2026. Recessed lighting, granite and hardwoods throughout, with the potential to develop a rooftop deck. Striking large windows overlook Campbell Avenue and flood the main living area with ambient light. Each spacious bedroom is endowed with an en suite full bathroom, and the primary bedroom with a generous closet. Preferential parking available through PARK Roanoke's Residential Parking Programs.
22 Campbell Avenue SE presents a sleek and sophisticated investment prospect for an owner-resident seeking a stable, supplemental income to offset living expenses or for anyone looking to diversify a portfolio.
The second floor has been renovated into an attractive, modern 2bd/2bth residence (2021) and will be available for new occupancy as of February 1, 2026. Recessed lighting, granite and hardwoods throughout, with the potential to develop a rooftop deck. Striking large windows overlook Campbell Avenue and flood the main living area with ambient light. Each spacious bedroom is endowed with an en suite full bathroom, and the primary bedroom with a generous closet. Preferential parking available through PARK Roanoke's Residential Parking Programs.
22 Campbell Avenue SE presents a sleek and sophisticated investment prospect for an owner-resident seeking a stable, supplemental income to offset living expenses or for anyone looking to diversify a portfolio.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,400 SF
Building Class
C
Year Built
1902
Price
$875,000
Price Per SF
$198.86
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.02
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
D - Downtown
Frontage
25’ on Campbell Ave SE
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4010316 | Improvements Assessment | $362,700 |
| Land Assessment | $108,600 | Total Assessment | $471,300 |
PROPERTY TAXES
Parcel Number
4010316
Land Assessment
$108,600
Improvements Assessment
$362,700
Total Assessment
$471,300
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22 Campbell Ave SE
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