Your email has been sent.
First Campbell Square 34 Campbell Ave SW 85,500 SF 83% Leased Office Building Roanoke, VA 24011 $4,250,000 ($49.71/SF)



Investment Highlights
- Perfect for Owner-User
- Long Term Government Leases
- Income and Leasing Upside Opportunity
- Income Producing with Tenants
- GSA Leases Are All “Firm Term Non-Cancellable”
- Multiple Nearby Parking Options
Executive Summary
The U.S. General Service Administration and the Commonwealth of Virginia occupy about 41% of the rentable building area. The currently available space in the building would be ideal for an owner-occupant needing space for their own business while generating additional long-term value through higher occupancy. An investor can realize a significant gain through a stabilized occupancy rate with a higher net operating income, increasing the market value of the asset.
First Campbell Square is located in the heart of the central business district of downtown Roanoke. Downtown Roanoke is a vibrant and walkable area with a diverse mix of retail, residential and restaurants within close proximity. Investment in the downtown Roanoke area is at an all-time high. First Campbell Square is situated across Campbell Avenue from The Bower, a new $25 Million mixed-use development featuring retail spaces and 90 residential living units.
Multiple parking options are available from street parking to public parking garages and surface parking lots.
Property Facts
Amenities
- Bus Line
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
The U.S. Department of Health & Human Services (HHS) is a federal agency responsible for protecting the health of Americans and providing essential human services. Headquartered in Washington, D.C., HHS administers a wide range of programs through its operating divisions, including the Centers for Medicare & Medicaid Services (CMS), the Food and Drug Administration (FDA), the Centers for Disease Control and Prevention (CDC), and the National Institutes of Health (NIH). Established to enhance public health and welfare, the department manages initiatives related to healthcare access, disease prevention, medical research, and emergency preparedness. HHS also oversees programs supporting children, families, and vulnerable populations. The agency plays a critical role in advancing medical innovation, ensuring food and drug safety, and responding to public health emergencies. HHS operates under the leadership of the Secretary of Health and Human Services and collaborates with state, local, and tribal governments to implement its mission nationwide.
The office of the Federal Public Defender provides legal assistance to individuals facing federal criminal charges who cannot afford a lawyer. The federal government covers the office's expenses, including the attorney's salary. However, the attorney's loyalty is solely to the client. Attorneys in this office specialize in defending individuals charged with federal crimes and will defend clients to the fullest extent permitted by law. The assigned attorney will answer legal questions and explain how the law applies to each case.
na
The Internal Revenue Service is the revenue service of the United States federal government, responsible for administering and enforcing the Internal Revenue Code. Established on July 1, 1862, the agency was created to fund Civil War expenses and has since evolved into a permanent institution under the Department of the Treasury. The IRS oversees tax collection, compliance, and enforcement for individuals and businesses, including income, corporate, excise, and estate taxes. It also manages tax credits and benefits programs authorized by law. Headquartered in Washington, D.C., the IRS operates a nationwide network of processing centers and taxpayer assistance offices. The agency is led by a Commissioner appointed to a five-year term and is supported by a single Deputy Commissioner and four chiefs overseeing taxpayer services, compliance, operations, and information technology. The IRS is a government entity and does not trade publicly; it is part of the U.S. Department of the Treasury.
Marks & Harrison began in 1911, when David A. Harrison, Jr. founded the firm, and the business has continued without interruption since then. The company focuses on personal injury representation for injured people and their families, with work that includes car and truck accidents, wrongful death, medical malpractice, and other accident-related claims. Marks & Harrison also handles workers' compensation and Social Security disability matters, giving the firm a broader practice that covers both injury recovery and disability-related legal services.
Virginia Indigent Defense Commission was established in 2004 after Virginia reorganized its public defense system and replaced the former Public Defender Commission. The commission provides criminal defense representation for indigent clients, manages public defender offices across the commonwealth, and supports attorneys handling court-appointed cases. Virginia Indigent Defense Commission maintains certification requirements, offers training for court-appointed counsel, and sets standards of practice that guide indigent defense work in Virginia.
Quest Diagnostics began in 1967 as Metropolitan Pathology Laboratory in New York and later became an independent company under the Quest name after a spin-off from Corning. Quest Diagnostics now focuses on diagnostic information services, offering laboratory testing, gene-based and molecular testing, healthcare information technology, data analytics, lab services, and lab operations. Quest Diagnostics also supports clinicians and consumers through a national laboratory network, patient testing locations, specialty labs, and international collaborations in markets such as India, Ireland, and Mexico.
The U.S. Railroad Retirement Board (RRB) is an independent federal agency established in 1935 to administer retirement, survivor, unemployment, and sickness benefits for the nation’s railroad workforce. Headquartered in Chicago, Illinois, the agency was created under the Railroad Retirement Act to provide a dedicated social insurance system for railroad employees, separate from the Social Security program. The RRB oversees benefit programs funded primarily through payroll taxes paid by railroad employers and employees. In addition to retirement and survivor benefits, the agency manages unemployment and sickness benefits and has responsibilities related to Medicare coverage for eligible railroad workers. Since 2002, surplus funds have been invested by the National Railroad Retirement Investment Trust to ensure long-term program stability. The RRB operates a network of field offices nationwide to assist beneficiaries and continues to modernize its services through online platforms.
The U.S. Trustee Program is a component of the United States Department of Justice responsible for overseeing the administration of federal bankruptcy cases and private trustees nationwide. The program was established by the Bankruptcy Reform Act of 1978 and expanded nationwide in 1986. Its mission is to promote the integrity and efficiency of the bankruptcy system for debtors, creditors, and the public. Operating through an Executive Office in Washington, D.C. and regional field offices across the United States, the program supervises private trustees in cases filed under Chapters 7, 11, 12, and 13 of the Bankruptcy Code. The U.S. Trustee Program monitors bankruptcy proceedings, reviews professional fees, enforces compliance with bankruptcy laws, and identifies potential fraud or abuse for referral to U.S. Attorneys. The program functions as a neutral party within the bankruptcy process and does not represent individual debtors or creditors. As a federal government program, it is not privately held and is not publicly traded.
VDSS is one of the largest Commonwealth agencies, partnering with hundreds of local departments of social services, along with faith-based and non-profit organizations, to promote the well-being of children and families statewide. They proudly serve alongside thousands of state and local human services professionals throughout the Social Services System, who ensure that thousands of Virginia's most vulnerable citizens have access to the best services and benefits available to them. The Virginia Department of Social Services (VDSS) is a state supervised and locally administered social services system.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Public Administration | - | $9.99 | - | Jan 0000 | |
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| GSA - Charleston Field Office | Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Public Administration | - | $9.99 | - | Jan 0000 | |
|
Health Care and Social Assistance | - | $9.99 | - | Jan 0000 | |
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Public Administration | - | $9.99 | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 105
- 3,000 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 200
- 4,404 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 202
- 2,916 SF
- Office
- Full Build-Out
- Now
Full 3rd floor available! Great Location with parking nearby!
- 5th Fl-Ste 502
- 4,200 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 105 | 3,000 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 200 | 4,404 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 202 | 2,916 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 300 | 17,560 SF | Office | Full Build-Out | 30 Days |
| 5th Fl-Ste 502 | 4,200 SF | Office | Full Build-Out | Now |
1st Fl-Ste 105
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 4,404 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 202
| Size |
| 2,916 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 17,560 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
5th Fl-Ste 502
| Size |
| 4,200 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size | 17,560 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Full 3rd floor available! Great Location with parking nearby!
Property Taxes
| Parcel Number | 1011701 | Improvements Assessment | $6,316,800 |
| Land Assessment | $801,800 | Total Assessment | $7,118,600 |
Property Taxes
Presented by
First Campbell Square | 34 Campbell Ave SW
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
