$295,000
Roanoke, VA 24016
MLS# 920679
1 / 43
Property Description
Buy this and rent each office or entire building or use it for your business! Experience this modern, upscale commercial building in the heart of Old Southwest Roanoke Zoned CN/Commercial Neighborhood that offers a rare opportunity for business owners and investors alike. This has 5-6 rooms for use (depending on your setup) not including receptionist area! Fully renovated with attention to both function and style. Inside, you'll find a flexible build-out featuring new walls, lighting, and electrical, along with a welcoming modern reception area and luxury vinyl tile flooring throughout. The space also includes an ADA-compliant restroom, kitchen/utility room, updated plumbing with a laundry hookup, and a programmable thermostat paired with an energy-efficient tankless water heater.
Details
Maps
General Property Description
Construction Status: Completed
Total Acreage: 0.18
Flood Area: No
On site Parking: Yes
Basement Y/N: No
Parking Spaces: 7
Water Class: N/A
Gross Building SqFt: 1200
Lease Available: No
Year Built: 1966
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Legal: HAMMER AND NEEDLE LLC
Tax ID: 102-0101
Annual Taxes: 1770.96
Zoning Code: CN
Area: 0130 - City of Roanoke - SW
Street Number: 708
Street Name: 5Th
Street Suffix: ST
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Municipality: City of Roanoke
Remarks & Misc
Directions: Off Elm turn onto 5th street, building on right
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Commercial Type
Office: 1
Retail: 1
Views
Sunset: 1
Business Type
Type of Business (Historical Field): Theraputic
Sale Includes
Building: 1
Building & Land: 1
Heating
Natural Gas: 1
Cooling
Electric: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Roof System
Shingle: 1
Levels
One: 1
Internet Access
Fiber: 1
Cable: 1
Floors
Laminate: 1
Vinyl: 1
Contract Information
Current Price: $295,000
Sold Price: $295,000
List Date: 2025-09-04
Status: Closed
Status Change Info
Ratified Contract Dt: 2025-09-26
Sold Date: 2025-11-21
Sold Price: $295,000
Property Features
Limited Service: Not Limited Service
Commercial Type: Office; Retail
Sale Includes: Building; Building & Land
Construction: Brick
Roof System: Shingle
Levels: One
Heating: Natural Gas
Cooling: Electric
Floors: Laminate; Vinyl
Manufactured Homes: No HUD Tag
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Internet Access: Fiber; Cable
Views: Sunset
Supplements
Exterior upgrades add even more value, including a freshly paved parking lot completed in 2021, new gutters, upgraded gas and sewer lines, and window blinds that complement the interior. Designed with flexibility in mind, all framing has been completed with screws - making modifications simple should your needs change.
In addition to its move-in ready condition, the property presents a unique investment opportunity. The attached lot offers development potential with zoning that allows for a triplex, homes, or apartment building Zoned CN - expanding the value of this already desirable location.
Whether you are a medical professional, wellness practitioner, or investor seeking a versatile property for your business with long-term upside, this building delivers the perfect blend of modern updates and future potential. Make the experience real today!
Listing Office: WALKER REAL ESTATE SOLUTIONS
Last Updated: November - 24 - 2025
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