540-357-2084
120 Salem Ave SW, Roanoke, VA for Rent

$10.00 USD /SF/yr

Office/Retail - For Rent
1/1
32,000 SF | 1 Space

NEW


120 Salem Ave SW
Roanoke, VA 24011
Downtown Roanoke City


HIGHLIGHTS

  • Proximity to Virginia Tech Carilion & Fralin Biomedical Research Institute (˜1 mile)
  • Brick & Glass Façade with authentic industrial architecture
  • 32,000± SF across 2 stories + mezzanine, ideal for mixed-use redevelopment
  • Super Heavy Power: ~3 MW electrical capacity
  • Enterprise Zone and City Incentives – state and local redevelopment tax credits available

OVERVIEW

Development & Adaptive Reuse Potential Creative Office Conversion: bright, open spaces with exposed materials and mezzanine lounges Innovation or Research Hub: suitable for tech, data, or biotech operations Brewery / Taproom Destination: indoor-outdoor capacity with authentic industrial shell Urban Loft Redevelopment: high-ceiling residential units with skyline views Civic or Cultural Hub: event space, gallery, or nonprofit/education use Location Advantages In the heart of Roanoke’s urban core, surrounded by 60+ restaurants and shops Walkable to municipal and healthcare campuses Mountain and skyline views of the Blue Ridge from upper levels Regional Reach: 194 mi to Charlotte | 251 mi to Washington DC | 403 mi to Philadelphia | 430 mi to Atlanta Ideal For Developers seeking adaptive reuse or mixed-use repositioning Tech, creative, or biomedical tenants requiring power + proximity to Carilion & VT Hospitality or brewery operators seeking iconic downtown architecture Civic or institutional users expanding community-facing programs

RENTAL DETAILS

SPACE AVAILABLE

32,000 SF

# OF SPACES

1

RENT/MONTH

$26,667 USD /mo

RENT RATE (MO)

$0.83 USD /SF/mo

RENT RATE (YR)

$10.00 USD /SF/yr

LEASE TYPE

Triple Net

LEASE LENGTH

Negotiable

AVAILABLE

Oct 31, 2025

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

48,162 SF

YEAR BUILT

1991

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

42 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

D

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Carmen ElliottElliott Inc.More Info
540-357-2084

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Carmen ElliottElliott Inc.More Info
540-357-2084

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