First Campbell Square

For Sale

34 Campbell Avenue Southwest, Roanoke, VA 24011

This Roanoke property for sale is located at 34 Campbell Avenue Southwest. The general use of First Campbell Square is office and it incorporates 102,580 square feet of class B office space. The current listed sale price for First Campbell Square is $5,375,000. First Campbell Square is situated on a lot that is 0.44 acre in size.

Contacts

broker
Jacob Quesinberry

Poe & Cronk Real Estate Group

Property Details

  • Property Type Office - General Office
  • Property Size 102,580 SF
  • Lot Size 0.44 Acre
  • Building Class B
  • Year Built 1956
  • Date Updated Jan 17, 2025
Located at the corner of Campbell Avenue and First Street in downtown Roanoke.Poe & Cronk Real Estate Group presents 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 occupies approximately thirty-five percent (35%) of the building and the Commonwealth of Virginia occupies twenty-four percent (24%) of the rentable building area. The 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 owner can realize a significant gain through a stabilized occupancy rate with a higher net operating income ballooning 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 and private parking garages and surface parking lots.
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Highlights

  • 8.25% CAP Rate on In-Place Income
  • Stable Cashflowing Asset
  • Long Term Government Tenants
  • Income Upside Opportunity
  • Multiple Nearby Parking Options
  • Great Location

Getting around

  • 89/100

    Walk Score ®

  • 52/100

    Transit Score ®

  • 85/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Roanoke, VA
  • Zip Code 24011

Points of Interest

  • Citgo

    0.48 miles

  • Exxon

    1.22 miles

  • Kroger

    1.40 miles

  • Walmart

    1.78 miles

  • Speedway

    2.08 miles

  • Valero Fuel

    2.19 miles

  • 7-Eleven

    3.68 miles

  • ChargePoint

    5.30 miles

  • Tesla Supercharger

    7.68 miles

  • Church Avenue Garage

    0.09 miles

  • Center in the Square Garage

    0.13 miles

  • Five Market Street

    0.17 miles

  • Elmwood Lot

    0.34 miles

  • Carilion Community Hospital Parking

    0.46 miles

  • Rivers Edge North Park Parking Access

    1.22 miles

  • East Gate Park Parking

    2.03 miles

  • Carilion Clinic Family Medicine SE Parking

    2.10 miles

  • Mason Mill Park Parking

    2.17 miles

  • Fishburn Park Parking

    2.77 miles

  • Hampton Inn & Suites Roanoke - Downtown

    0.17 miles

  • The Hotel Roanoke & Conference Center, Curio Collection by Hilton

    0.25 miles

  • Roanoke Boutique Hotel

    0.59 miles

  • Comfort Inn - Roanoke Civic Center

    0.72 miles

  • King George Inn Bed & Breakfast

    0.85 miles

  • Econo Lodge Civic Center

    0.87 miles

  • Holiday Inn Express & Suites Roanoke Civic Center

    1.00 miles

  • SpringHill Suites Roanoke

    1.09 miles

  • Home2 Suites by Hilton Roanoke

    2.60 miles

  • Hampton Inn & Suites Roanoke Airport

    2.91 miles

  • Mast General Store

    0.11 miles

  • Roanoke Co+op downtown

    0.16 miles

  • Sunnyside Market

    0.61 miles

  • S&S Grocery and Deli

    1.19 miles

  • Kroger

    1.33 miles

  • Towers Shopping Center

    1.35 miles

  • The Fresh Market

    1.41 miles

  • Earth Fare

    1.49 miles

  • Walmart Neighborhood Market

    1.78 miles

  • Roanoke Natural Foods Co-op

    1.99 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Jacob Quesinberry

Poe & Cronk Real Estate Group

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