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First Campbell Square 34 Campbell Ave SW 85,500 SF 83% Leased Office Building Roanoke, VA 24011 $5,868,697 CAD ($68.64 CAD/SF)



Investment Highlights
- Perfect for Owner-User
- Long Term Government Leases
- Income and Leasing Upside Opportunity
- Income Producing with Tenants
- GSA Leases Are All “Firm Term Non-Cancellable”
- Multiple Nearby Parking Options
Executive Summary
The U.S. General Service Administration and the Commonwealth of Virginia occupy about 41% of the rentable building area. The currently available space in the building would be ideal for an owner-occupant needing space for their own business while generating additional long-term value through higher occupancy. An investor can realize a significant gain through a stabilized occupancy rate with a higher net operating income, increasing the market value of the asset.
First Campbell Square is located in the heart of the central business district of downtown Roanoke. Downtown Roanoke is a vibrant and walkable area with a diverse mix of retail, residential and restaurants within close proximity. Investment in the downtown Roanoke area is at an all-time high. First Campbell Square is situated across Campbell Avenue from The Bower, a new $25 Million mixed-use development featuring retail spaces and 90 residential living units.
Multiple parking options are available from street parking to public parking garages and surface parking lots.
Property Facts
Amenities
- Bus Line
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
The U.S. Department of Health & Human Services (HHS) is a federal agency responsible for protecting the health of Americans and providing essential human services. Headquartered in Washington, D.C., HHS administers a wide range of programs through its operating divisions, including the Centers for Medicare & Medicaid Services (CMS), the Food and Drug Administration (FDA), the Centers for Disease Control and Prevention (CDC), and the National Institutes of Health (NIH). Established to enhance public health and welfare, the department manages initiatives related to healthcare access, disease prevention, medical research, and emergency preparedness. HHS also oversees programs supporting children, families, and vulnerable populations. The agency plays a critical role in advancing medical innovation, ensuring food and drug safety, and responding to public health emergencies. HHS operates under the leadership of the Secretary of Health and Human Services and collaborates with state, local, and tribal governments to implement its mission nationwide.
The Federal Public Defender for the District of Columbia was created in 1991 under the Criminal Justice Act and operates within the federal defender system. The office represents indigent defendants before the U.S. District Court for the District of Columbia and provides counsel together with investigative, expert, and other services needed for an adequate defense. The organization's work centers on federal criminal defense, including trial and appellate representation, and supports people who cannot afford private counsel. The office functions as part of the defender-services structure that protects the right to counsel in federal cases.
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The Internal Revenue Service began in 1862 as the Office of the Commissioner of Internal Revenue, created during the Civil War to collect internal taxes, and later adopted its current name in 1953. The agency administers federal tax laws, helps taxpayers understand and meet filing obligations, processes returns and refunds, issues taxpayer identification numbers, and supports voluntary compliance through enforcement and taxpayer service. The Internal Revenue Service also provides guidance for individuals, businesses, tax professionals, tax-exempt organizations, and government entities, reflecting a broad national role in the U.S. tax system.
Marks & Harrison began in 1911, when David A. Harrison, Jr. founded the firm, and the business has continued without interruption since then. The company focuses on personal injury representation for injured people and their families, with work that includes car and truck accidents, wrongful death, medical malpractice, and other accident-related claims. Marks & Harrison also handles workers' compensation and Social Security disability matters, giving the firm a broader practice that covers both injury recovery and disability-related legal services.
Virginia Indigent Defense Commission was established in 2004 after Virginia reorganized its public defense system and replaced the former Public Defender Commission. The commission provides criminal defense representation for indigent clients, manages public defender offices across the commonwealth, and supports attorneys handling court-appointed cases. Virginia Indigent Defense Commission maintains certification requirements, offers training for court-appointed counsel, and sets standards of practice that guide indigent defense work in Virginia.
Quest Diagnostics began in 1967 as Metropolitan Pathology Laboratory in New York and later became an independent company under the Quest name after a spin-off from Corning. Quest Diagnostics now focuses on diagnostic information services, offering laboratory testing, gene-based and molecular testing, healthcare information technology, data analytics, lab services, and lab operations. Quest Diagnostics also supports clinicians and consumers through a national laboratory network, patient testing locations, specialty labs, and international collaborations in markets such as India, Ireland, and Mexico.
The Railroad Retirement Board began in 1935 as an independent agency in the executive branch of the U.S. federal government. The agency administers retirement-survivor annuities and unemployment-sickness benefits for railroad workers and their families under the Railroad Retirement Act and the Railroad Unemployment Insurance Act. The Railroad Retirement Board also has responsibilities related to certain Social Security Act benefit payments and Medicare coverage for railroad workers. The organization provides retirement, survivor, unemployment, and sickness benefit programs, along with secure online service options and public guidance for claimants and beneficiaries.
The U.S. Trustee Program began as a pilot effort under the Bankruptcy Reform Act and later expanded into a nationwide part of the Department of Justice. The program oversees the administration of bankruptcy cases and private trustees, with administrative, regulatory, and litigation responsibilities tied to the bankruptcy system. Its work centers on protecting the integrity and efficiency of bankruptcy proceedings for debtors, creditors, and the public, while also monitoring trustee conduct and helping identify fraud and abuse. The program operates through an executive office in Washington, D.C., along with regional and field offices across the federal bankruptcy system.
The Virginia Department of Social Services was established in 1982, when Virginia renamed the Department of Welfare to the Department of Social Services. The department operates as a state-supervised, locally administered system that supports more than 120 local departments and serves Virginians through benefits and services such as food assistance, cash assistance, child care support, child support, foster care, adoption, protective services, licensing, and online benefit management. The department also provides community-focused programs and local support tools that help individuals and families access medical coverage, housing-related help, and other services that promote stability and well-being.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Public Administration | - | $9.99 | - | Jan 0000 | |
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| GSA - Charleston Field Office | Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Public Administration | - | $9.99 | - | Jan 0000 | |
|
Health Care and Social Assistance | - | $9.99 | - | Jan 0000 | |
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Public Administration | - | $9.99 | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 105
- 3,000 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 200
- 4,404 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 202
- 2,916 SF
- Office
- Full Build-Out
- Now
Full 3rd floor available! Great Location with parking nearby!
- 5th Fl-Ste 502
- 4,200 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 105 | 3,000 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 200 | 4,404 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 202 | 2,916 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 300 | 17,560 SF | Office | Full Build-Out | 30 Days |
| 5th Fl-Ste 502 | 4,200 SF | Office | Full Build-Out | Now |
1st Fl-Ste 105
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 4,404 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 202
| Size |
| 2,916 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 17,560 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
5th Fl-Ste 502
| Size |
| 4,200 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size | 17,560 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Full 3rd floor available! Great Location with parking nearby!
Property Taxes
| Parcel Number | 1011701 | Improvements Assessment | $8,779,720 CAD |
| Land Assessment | $1,114,422 CAD | Total Assessment | $9,894,142 CAD |
Property Taxes
Presented by
First Campbell Square | 34 Campbell Ave SW
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