116 N Jefferson St - Office FOR SALE


Roanoke, VA 24016- Gainsboro
$4,595,000 USD
540-520-3085
116 N Jefferson St, Roanoke, VA for Sale
$4,595,000 USD
Office - FOR SALE
1/12
null | Request Cap Rate

116 N Jefferson St
Roanoke, VA 24016
Gainsboro


OVERVIEW

Presented exclusively for sale by Stephen Pendergrass and Bryan Musselwhite of Poe & Cronk Real Estate Group - 116 N Jefferson St, the Stone Building, is positioned in the heart of downtown Roanoke, directly across from the iconic Hotel Roanoke and adjacent to the Roanoke Higher Education Center. The Stone Building measures 48,000 square feet on two levels with 54 parking spaces. This two-level property features ground level entry on each level, and expansive open floor plans with high ceilings. Currently configured as open office space, the building is well-suited for a call center operation, professional office use, or collaborative work hub. The property’s “vanilla shell” condition makes it an ideal opportunity for a creative build-out, allowing future owners to tailor the space to their specific requirement. The combination of large floorplates and adaptive architecture ensures redevelopment potential across multiple sectors—creative office, technology, education, residential or mixed-use concepts. Its prominent location offers connectivity to Roanoke’s core downtown business hub, hospitality, and educational offerings.

FOR SALE DETAILS

PRICE

$4,595,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Stone Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

D

APN/PARCEL ID

2013009

ASK ABOUT THIS PROPERTY

Stephen Pendergrass, CCIM, SIORPoe & Cronk Real Estate GroupMore Info
540-520-3085

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Stephen Pendergrass, CCIM, SIORPoe & Cronk Real Estate GroupMore Info
540-520-3085

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