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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

Poe & Cronk Real Estate Group is proud to present First Campbell Square in downtown Roanoke available for new ownership for the first time in almost 40 years! This prominent downtown office building features five stories of rentable office space with a stable high-quality tenant mix offering in-place income with a significant value-add opportunity for an investor or owner/user. The diverse tenant mix at First Campbell Square features federal and state government agencies along with private sector professional and medical service companies.
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

Sale Type
Investment or Owner User
Property Type
Office
Building Size
85,500 SF
Building Class
B
Year Built
1956
Price
$4,250,000
Price Per SF
$49.71
Percent Leased
83%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
19,428 SF
Building FAR
4.27
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
D - Downtown

Amenities

  • Bus Line

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Public Administration
  • -
  • $9.99
  • -
  • Jan 0000

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.

  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

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.

  • GSA - Charleston Field Office
  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

na

  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

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.

  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

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.

  • Public Administration
  • -
  • $9.99
  • -
  • Jan 0000

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.

  • Health Care and Social Assistance
  • -
  • $9.99
  • -
  • Jan 0000

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.

  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

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.

  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

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.

  • Public Administration
  • -
  • $9.99
  • -
  • Jan 0000

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
  • 3rd Fl-Ste 300
  • 17,560 SF
  • Office
  • Full Build-Out
  • 30 Days

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!

Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
1011701
Land Assessment
$801,800
Improvements Assessment
$6,316,800
Total Assessment
$7,118,600
  • Listing ID: 40478463

  • Date on Market: 5/11/2026

  • Last Updated:

  • Address: 34 Campbell Ave SW, Roanoke, VA 24011

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