19 Franklin RdRoanoke, VA 24011

Property Details for 19 Franklin Rd

Year built

1915

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

5,880 SF

Zone code

D

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

101-2714

APU

1012714

Description

This exceptional 2,000 square foot office space is situated on the first floor of a historic building at 19 Franklin Rd SW in the vibrant heart of Downtown Roanoke, Virginia. The property, built in 1915, offers a unique blend of character and modern functionality, ideal for a variety of businesses. The building's total square footage is 5,880 square feet, with multiple tenants currently occupying the remaining space. This particular unit presents a fantastic opportunity for businesses seeking a prominent location in a thriving urban environment. The property is classified as Retail and Office, with subtypes including Traditional Office, Executive Office, Coworking, and Creative Office, making it versatile and adaptable to diverse needs. The property's Assessed Parcel Number (APN) is 1012714. The available space is ready for immediate occupancy and presents a chance to establish a presence in a dynamic and well-connected area of Roanoke, VA, zip code 24011. The building's historical charm combined with its central location makes this a truly unique and desirable commercial property. This listing represents a rare opportunity to secure a significant amount of office space in a highly sought-after downtown location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $799,930

  6.5%

  $738,397

  7%

  $685,654

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,156,867

  Geo Method

  $2,092,028

• Alternative Use

  Use

  Valuation

  Residential

  $738,397

  Hospitality

  $676,368

  Educational

  $562,730

  Medical

  $582,083

  Retail

  $875,358

Location Insight

City

Roanoke

County

Roanoke City

State

Virginia

Latitude

37.2695

Longitude

-79.9415

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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