First Federal Building | Downtown Roanoke Development Opportunity

30 - 38 Church Ave is located at the first St and Church Ave intersection. The property is in the core of downtown Roanoke and easily accessible to I-581.Presented exclusively for sale by Poe & Cronk Real Estate Group, the First Federal Building presents a rare opportunity to acquire a 48,638-square-foot downtown landmark ideally suited for adaptive reuse into apartments, condominiums, boutique hospitality, or mixed-use development. Positioned in the center of Roanoke's rapidly evolving downtown, the property combines scale, visibility, Opportunity Zone benefits, and proximity to the region's growing residential and entertainment districts. The property consists of seven floors totaling approximately 48,638 gross square feet of former office space. The ground floor features a prominent former bank lobby, office areas, and approximately 125 feet of storefront frontage along Church Avenue. The upper floors are configured with well-appointed executive and administrative office space and are served by two elevators, offering flexibility for continued office use, conversion, or a mixed-use redevelopment strategy. Positioned in the heart of downtown Roanoke, the property benefits from easy walkability to residential apartments and condominiums, financial institutions, restaurants, retail amenities, and the broader downtown employment base. Multiple surface lots and structured parking options are located within the surrounding area, providing convenient access for employees, tenants, residents, and visitors. The First Federal Building is also located within a designated Opportunity Zone, which may provide qualified investors with certain tax incentives intended to encourage long-term investment and economic growth in targeted areas.