Nelson Building in Historic Market Area | 12 Campbell Ave SE
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Nelson Building in Historic Market Area 12 Campbell Ave SE
4,230 SF Retail Building Roanoke, VA 24011 £612,258 (£145/SF)
Investment Highlights
- Prime Historic Market Location in Downtown Roanoke
- High Foot Traffic Area
- Extensively Renovated in 2008
Executive Summary
Prime location in the heart of the historic City Market District in Downtown Roanoke. This building is currently being used for retail but zoning allows for a multiple of uses from office to residential. Over 2,500 residents call the downtown area home with virtually every older office building converted to condominiums and apartments. Several hotels serve the downtown area including the historic Hotel Roanoke,
all offering over 500 guest rooms. Downtown Roanoke, the hub of life in the Greater Roanoke Valley offers numerous events throughout the year drawing tens of thousands into the downtown area. If you are looking for a vibe unlike any other, this is it.
This wonderful building constructed in 1905 was completely renovated in 2008 to far surpass its original condition. Combining original features with modern conveniences the 2008 renovation included a completely new floor system, new storefront glass, new wide stairway to the second floor, new HVAC systems as well as electrical.
The main level boast a large retail area, two ADA compliant restrooms, kitchen and second rear staircase to the 2nd floor. The second level is accessed by a wide front staircase and offers a large room overlooking Campbell Avenue as well as large storage room.
all offering over 500 guest rooms. Downtown Roanoke, the hub of life in the Greater Roanoke Valley offers numerous events throughout the year drawing tens of thousands into the downtown area. If you are looking for a vibe unlike any other, this is it.
This wonderful building constructed in 1905 was completely renovated in 2008 to far surpass its original condition. Combining original features with modern conveniences the 2008 renovation included a completely new floor system, new storefront glass, new wide stairway to the second floor, new HVAC systems as well as electrical.
The main level boast a large retail area, two ADA compliant restrooms, kitchen and second rear staircase to the 2nd floor. The second level is accessed by a wide front staircase and offers a large room overlooking Campbell Avenue as well as large storage room.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,230 SF
Building Class
B
Year Built/Renovated
1905/2007
Price
£612,258
Price Per SF
£145
Tenancy
Single
Number of Floors
2
Building FAR
1.94
Land Acres
0.05 AC
Opportunity Zone
Yes
Zoning
D - Downtown allows for both office, retail and residential
Frontage
26 ft on E Campbell Ave
Amenities
- Bus Route
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 4010308 | Improvements Assessment | £380,469 |
| Land Assessment | £83,030 | Total Assessment | £463,499 |
PROPERTY TAXES
Parcel Number
4010308
Land Assessment
£83,030
Improvements Assessment
£380,469
Total Assessment
£463,499
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Power Broker Henry Scholz -
MKB Realtors
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Nelson Building in Historic Market Area | 12 Campbell Ave SE
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