1011 2nd ST SW, Roanoke, VA 24016

$415,000

Property Type: Commercial Baths: 4 Status: Pending

Current Price: $415,000 List Date: 2/10/2026 Last Modified: 8/06/2026

Overview

Description

Beautiful and stately building for sale with commercial office space on the ground floor and two one-bedroom apartments on the second floor. The building is conveniently located in Old Southwest between Highland and Albemarle. Recent upgrades to the HVAC system, apartments, and property make this a fantastic investment opportunity or owner-user property. First floor has a reception area, 4 offices, conference room, break room/kitchenette, and server room with generator backup. Ideally suited for law offices, financial planning and services, or other professional office use. The property is surrounded by other professional offices for wealth advisory, law firms, and a new cafe less than a block away. Apartments are fully leased.

Listing Details MLS# 924560

Location, Tax & Legal

Area: 0130 - City of Roanoke - SW
Street Number: 1011
Street Name: 2nd
Street Suffix: ST
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Municipality: City of Roanoke
Major Area: 01 - City of Roanoke
Tax ID: 1022209
Annual Taxes: 3940

General Property Description

Construction Status: Completed
Year Built: 1939
Lot Dimensions: 50x156
Flood Area: No
On site Parking: Yes
Parking Spaces: 7
Gross Building SqFt: 3294
Office SqFt: 1818
Lease Available: Yes
Leaseable SqFt: 1818
Basement Y/N: Yes
Total Bths: 4
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2026-08-03

Remarks & Misc

Directions: 581 to West on Elm Avenue. L on 2nd street. Property is 5 blocks up on the right.

Limited Service

Not Limited Service: Yes

More Information

Construction

Brick: Yes

Commercial Type

Investment: Yes
Office: Yes

Business Type

Other: Yes

Sale Includes

Building & Land: Yes

Income & Expenses

Gross Income: 26400

Water Description

Public: Yes

Sewer Description

Public Sewer: Yes

Manufactured Homes

No HUD Tag: Yes

Water Heater Type

Tank: Yes

Roof System

Shingle: Yes

Levels

Two: Yes

Property Features

Limited Service: Not Limited Service Commercial Type: Investment; Office Business Type: Other Sale Includes: Building & Land Construction: Brick Roof System: Shingle Levels: Two Manufactured Homes: No HUD Tag Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank

Listing Office: EDWIN C HALL ASSOCIATES INC

Last Updated: August - 06 - 2026

All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.