110 Campbell Ave SW - Apartments FOR SALE


Roanoke, VA 24011- Downtown Roanoke City
$4,275,000 USD
540-342-0800
110 Campbell Ave SW, Roanoke, VA for Sale
$4,275,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

110 Campbell Ave SW
Roanoke, VA 24011
Downtown Roanoke City


HIGHLIGHTS

  • 28 loft style apartments with 12 commercial spaces
  • Fully renovated in 2015 including new plumbing, HVAC, and electrical
  • 75-foot skylight proving natural light throughout
  • Secure building access, rooftop deck, storage rooms, and community recycling program

OVERVIEW

Situated along a main thoroughfare and walkable to all downtown amenities, 110 Campbell has been a fixture of Roanoke since 1910 and offers investors the opportunity to acquire a stabilized redevelopment project anchored in the core of Roanoke’s business district. Originally constructed as a Montgomery Ward Department store, this iconic building went under full renovation in 2015 to include all new plumbing, HVAC, and electrical systems at which point it was reintroduced to the community as “The Aurora”. Upon street level entry the mix of 28 loft style apartments and 12 commercial spaces span out from the grand three-story central atrium that is positioned under a dramatic 75-foot skylight which provides an open modern feel and an abundance of natural light. The ground floor of the building offers commercial tenants easily accessible, well-appointed individual spaces and multiple common areas. All residential apartments units feature stainless steel appliances, in-unit laundry, central HVAC, and Greenguard certified solid surface countertops. Other highlights include secure building access, elevator, rooftop deck, storage rooms, and community recycling program.

FOR SALE DETAILS

PRICE

$4,275,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

28

PRICE/UNIT

$152,679

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aurora

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

D

APN/PARCEL ID

1011516

ASK ABOUT THIS PROPERTY

Derek HicksWaldvogel Commercial Properties, Inc.More Info
540-342-0800

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Derek HicksWaldvogel Commercial Properties, Inc.More Info
540-342-0800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.