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34 Campbell Ave SW
Roanoke, VA 24011
First Campbell Square · Office Property For Sale


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
Poe & Cronk Real Estate Group is proud to present First Campbell Square in downtown Roanoke available for new ownership for the first time in almost 40 years! This prominent downtown office building features five stories of rentable office space with a stable high-quality tenant mix offering in-place income with a significant value-add opportunity for an investor or owner/user. The diverse tenant mix at First Campbell Square features federal and state government agencies along with private sector professional and medical service companies.
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.
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
Sale Type
Investment or Owner User
Property Type
Office
Building Size
85,500 SF
Building Class
B
Year Built
1956
Price
$5,843,580 CAD
Price Per SF
$68.35 CAD
Percent Leased
83%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
19,428 SF
Building FAR
4.27
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
D - Downtown
Amenities
- Bus Line
Property Taxes
| Parcel Number | 1011701 | Improvements Assessment | $8,688,126 CAD |
| Land Assessment | $1,102,796 CAD | Total Assessment | $9,790,922 CAD |
Property Taxes
Parcel Number
1011701
Land Assessment
$1,102,796 CAD
Improvements Assessment
$8,688,126 CAD
Total Assessment
$9,790,922 CAD
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