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30 Campbell Ave SW
Roanoke, VA 24011
Pete Smith Theater Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Prime downtown Roanoke location with excellent visibility and walkability
- Historic 3-story building with exposed brick, elevator, and dry sprinkler system
- Open floor plan ideal for retail, office, or creative use
- Directly across from The Bower, a 90-unit residential development completed in 2024
- Located in an Opportunity Zone with potential for Historic Tax Credits and tax abatement
- Surrounded by ample street and garage parking options
EXECUTIVE SUMMARY
Positioned in the heart of downtown Roanoke, 30 Campbell Avenue offers a rare opportunity to acquire a character-rich, three-story commercial building with historic charm and modern potential. Built in 1912 and featuring exposed brick walls, an elevator, and a dry sprinkler system, the property blends architectural authenticity with functional infrastructure. Its open floor plan and flexible layout make it ideal for retail, creative office, or mixed-use conversion.
The building sits directly across from The Bower, a newly completed 90-unit residential development, enhancing foot traffic and neighborhood vibrancy. With convenient access to street parking, nearby surface lots, and municipal garages, the location supports both customer and employee accessibility. As part of an approved Opportunity Zone, the property offers significant tax advantages, including eligibility for Historic Tax Credits and local real estate tax abatement programs. Additional incentives may be available through Virginia Housing initiatives aimed at promoting affordable housing.
The building sits directly across from The Bower, a newly completed 90-unit residential development, enhancing foot traffic and neighborhood vibrancy. With convenient access to street parking, nearby surface lots, and municipal garages, the location supports both customer and employee accessibility. As part of an approved Opportunity Zone, the property offers significant tax advantages, including eligibility for Historic Tax Credits and local real estate tax abatement programs. Additional incentives may be available through Virginia Housing initiatives aimed at promoting affordable housing.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,701 SF
Building Class
C
Year Built
1912
Price
$625,000
Price Per SF
$93.27
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,232 SF
Building FAR
3.08
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
D - Downtown
PROPERTY TAXES
| Parcel Number | 101-1703 | Improvements Assessment | $336,100 |
| Land Assessment | $98,500 | Total Assessment | $434,600 |
PROPERTY TAXES
Parcel Number
101-1703
Land Assessment
$98,500
Improvements Assessment
$336,100
Total Assessment
$434,600
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