1414 3rd St SW - Medical FOR SALE


Roanoke, VA 24016- Old Southwest
$385,000 USD
540-293-1347
1414 3rd St SW, Roanoke, VA for Sale
$385,000 USD
Medical - FOR SALE
1/9
null | Request Cap Rate

1414 3rd St SW
Roanoke, VA 24016
Old Southwest


HIGHLIGHTS

  • perfect property for remote entrepreneur to have a live-work environment. 2 units with main floor business/office space + 3 Bt upper level.
  • Neighborhood feel in an area of offices but less than a mile from downtown business hub. Close to Greenway, parks, restaurants, etc.
  • original hardwood floors, woordowrk, and doors. Historic district with all the charm and ambiance with updated systems, roof, and more.
  • located in an Opportunity Zone

OVERVIEW

Great opportunity for a live-work office + home in a trendy upscale area. Perfect set-up for remote workers or entrepreneurs that hate commuting. Historic home zoned for both commercial and residential suitable for a multitude of uses. This property has all the benefits of being in the center of business plus a residential neighborhood feel surrounded by properties with charm and ambiance. Located in the Roanoke downtown Opportunity Zone for special tax incentives. The exterior features separate entrances for the upper and lower units, paved off street parking for 10 cars, and views of Mill Mountain and the Roanoke Star from the expansive front porch. The downstairs unit boasts original hardwood floors, ample office, reception, and conference space, full kitchen, and full bath. The upstairs unit includes 4 large rooms with built in corner cabinet, generously sized walk-in closet, full bath, and kitchen. Additional storage space is found in the basement of the property and has an outside entrance as well. Perfect for a medical office including physical therapist, counselors, attorney, insurance. 5 minutes (1.2mi) to Virginia Tech Carilion School of Medicine Teaching College Less than a mile to Downtown Roanoke with Farmer’s Market, restaurants, shopping, and cultural opportunity. This area has exceptionally flexible zoning that allows professional offices (medical, attorneys, architects, etc.) plus B&B's, residential rentals including short term for nurses, therapists, etc. State and Federal Historic Tax Credits plus Opportunity Zone incentives available. Seller will consider owner financing for qualified buyers or a lease/purchase option. Please contact agent for more information. 1.2 mile to Virginia Tech Carilion School of Medicine Teaching College 6 miles to Roanoke Regional Airport Walk score (80) very walkable Bike score (75) very bikeable

FOR SALE DETAILS

PRICE

$385,000 USD

PRICE/SF

$63 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

MX

APN/PARCEL ID

1031304

ASK ABOUT THIS PROPERTY

Phyllis JohnsonSterling RealtyMore Info
540-293-1347

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Phyllis JohnsonSterling RealtyMore Info
540-293-1347

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