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22 Church Ave SW 11,806 SF 50% Leased Retail Building Roanoke, VA 24011 $1,100,000 ($93.17/SF)
Executive Summary
Located in the heart of Roanoke’s downtown district, 22 Church Ave SW presents a unique opportunity to acquire a 2-story office building with significant upside potential. The first floor is currently occupied by a tenant, providing immediate income, while the upper level is vacant and ready for renovation or repositioning to suit an owner-user or investor’s vision. The building features entrances on both sides of the property for added convenience, and impressive 12-foot ceilings upstairs that create an open and character-filled environment. Surrounded by downtown restaurants, retail, entertainment, and business activity, this property offers a rare combination of existing income, redevelopment potential, and prime urban location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,806 SF
Building Class
C
Year Built
1927
Price
$1,100,000
Price Per SF
$93.17
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.96
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
D
Frontage
35’ on Church Ave SW
Amenities
- Bus Line
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1012317 | Improvements Assessment | $707,200 |
| Land Assessment | $245,200 | Total Assessment | $952,400 |
Property Taxes
Parcel Number
1012317
Land Assessment
$245,200
Improvements Assessment
$707,200
Total Assessment
$952,400
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22 Church Ave SW
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