1011 2nd ST SW, Roanoke, VA 24016 (MLS# 924560)


$415,000
1011 2nd ST SW
Roanoke, VA 24016
MLS# 924560
4 baths


1011 2nd St SW
  1 / 16  
1011 2nd St SW 1011 Second St _outdoor-2 1011 Second St _outdoor-3 1011 Second St _outdoor-4 Apartments_1011-1 Apartments_1011-2 Apartments_1011-3 Apartments_1011-4 Apartments_1011-5 Apartments_1011-6 Apartments_1011-7 Apartments_1011-8 Apartments_1011-9 Commercial-1 Commercial-2 Parking Lot

Property Description
Beautiful and stately building for sale with commercial office space on the ground floor and two one-bedroom apartments on the second floor. The building is conveniently located in Old Southwest between Highland and Albemarle. Recent upgrades to the HVAC system, apartments, and property make this a fantastic investment opportunity or owner-user property. First floor has a reception area, 4 offices, conference room, break room/kitchenette, and server room with generator backup. Ideally suited for law offices, financial planning and services, or other professional office use. The property is surrounded by other professional offices for wealth advisory, law firms, and a new cafe less than a block away. Apartments are fully leased.

Details
Maps
General Property Description
Lot Dimensions: 50x156
Construction Status: Completed
Flood Area: No
On site Parking: Yes
Basement Y/N: Yes
Parking Spaces: 7
Water Class: N/A
Gross Building SqFt: 3294
Office SqFt: 1818
Lease Available: Yes
Leaseable SqFt: 1818
Year Built: 1939
Total Bths: 4
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Tax ID: 1022209
Annual Taxes: 3940
Area: 0130 - City of Roanoke - SW
Street Number: 1011
Street Name: 2nd
Street Suffix: ST
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Municipality: City of Roanoke
Remarks & Misc
Directions: 581 to West on Elm Avenue. L on 2nd street. Property is 5 blocks up on the right.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Commercial Type
Investment: 1
Office: 1
Business Type
Other: 1
Sale Includes
Building & Land: 1
Income & Expenses
Gross Income: 26400
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Water Heater Type
Tank: 1
Roof System
Shingle: 1
Levels
Two: 1
Contract Information
Current Price: $415,000
List Price: $415,000
List Date: 2026-02-10
Status: Active
Property Features
Limited Service: Not Limited Service
Commercial Type: Investment; Office
Business Type: Other
Sale Includes: Building & Land
Construction: Brick
Roof System: Shingle
Levels: Two
Manufactured Homes: No HUD Tag
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank

Listing Office: EDWIN C HALL ASSOCIATES INC

Last Updated: February - 10 - 2026

All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.