Roanoke, VA Commercial Real Estate for Lease and Sale

Explore 87 listings of Roanoke commercial real estate to find the best space for your business.

Adaptable Flex and Office Space w Tenant Incentives

3610-3645 Thirlane Road, Roanoke, VA
Property

Industrial

159,560 SF
Availability

4 Spaces

59,749 SF
For Lease Contact for pricing
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5458 Franklin Rd

5458 Franklin Rd, Roanoke, VA
Property

VacantLand
For Sale

Undisclosed
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Ivy Market

2243 Franklin Rd Suite A, Roanoke, VA
Property

Retail

31,073 SF
Availability

1 Space

3,449 SF
For Lease Contact for pricing
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Owner / User Office Building

2129 Electric Road, Cave Spring, VA
Property

Office

5,992 SF
For Sale

$595,000
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Office Coworking Retail Industrial

Office Retail Industrial Land
Wells Fargo Tower

10 S Jefferson Street, Roanoke, VA
Property

Office

218,503 SF
Availability

9 Spaces

66,833 SF
Year Built

1991
For Lease Contact for pricing
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2945 Orange Avenue NE

2945 Orange Avenue NE, Roanoke, VA
Property

Industrial

6,000 SF
Year Built

1978
For Sale

$750,000
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4102 Electric Road

4102 Electric Road, Cave Spring, VA
Property

Office

2,732 SF
For Sale

$850,000
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Brambleton Ave Retail

4520 Brambleton Ave SW, Cave Spring, Roanoke, VA
Property

Retail

5,000 SF
Availability

1 Space

1,600 SF
For Lease

$15.00/SF/YR
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Downtown Retail or Restaurant Building

19 Salem Ave SE, Roanoke, VA
Property

Retail

4,000 SF
Year Built

1904
For Sale

$779,000
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The Park at Valleypointe

5162 Valleypointe Parkway, Hollins, Roanoke, VA
Property

Office

8,857 SF
Availability

1 Space

8,857 SF
Year Built

1993
For Lease Contact for pricing
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Old Cave Spring Road Development Land

4430 - 4506 Old Cave Spring Rd, Cave Spring, Roanoke County, VA
Property

VacantLand
For Sale

$595,000
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4102 Electric Road

4102 Electric Road, Cave Spring, VA
Property

Office

2,732 SF
Availability

1 Space

2,732 SF
For Lease

$28.00/SF/YR
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1502 Williamson Rd NE

1502 Williamson Rd NE, Roanoke, VA
Property

Office

182,070 SF
Availability

2 Spaces

5,500 SF
Year Built

1956
For Lease

$12.00/SF/YR
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3308 Aerial Way Dr SW

3308 Aerial Way Dr SW, Roanoke, VA
Property

Office

8,181 SF
Availability

1 Space

8,421 SF
Year Built

1968
For Lease

$6.50/SF/YR
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Open Spacious Flex Office w/ Parking

306 6th St SW, Roanoke, VA
Property

Industrial

4,453 SF
Availability

1 Space

4,453 SF
Year Built

1925
For Lease

$9.75/SF/YR
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202 2nd St NE

202 2nd St NE, Roanoke, VA
Property

Industrial

2,070 SF
Availability

1 Space

2,070 SF
Year Built

1963
For Lease

$12.00/SF/YR
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4201 Salem Tpke NW & Adjacent Parcels

4201 Salem Tpke NW & Adjacent Parcels, Roanoke, VA
Property

VacantLand

719 SF
Year Built

1960
For Sale

$270,000
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Piccadilly Square

3117 Franklin Road Southwest, Roanoke, VA
Property

Retail

15,920 SF
Availability

1 Space

3,878 SF
Year Built

1980
For Lease

$8.00 - $16.00/SF/YR
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326 Albemarle Avenue Southeast

326 Albemarle Avenue Southeast, Roanoke, VA
Property

Office

2,696 SF
Availability

1 Space

2,696 SF
For Lease

$10.50/SF/YR
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Downtown Roanoke Office

312 S Jefferson St, Roanoke, VA
Property

Office

6,850 SF
Availability

1 Space

1,150 SF
Year Built

1910
For Lease

$14.00/SF/YR
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State of the Art Telecom Center | Plug-n-Play

1830 Blue Hills Cir NE, Roanoke, VA
Property

Office

23,166 SF
Year Built

2020
For Sale

$4,350,000
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Springwood Park

3214 Electric Rd. , Cave Spring, Roanoke, VA
Property

Retail

19,200 SF
Availability

4 Spaces

3,768 SF
Year Built

1985
For Lease

$15.00 - $18.00/SF/YR
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Former Peters Creek Bank

2657 Peters Creek Rd NW, Roanoke, VA
Property

Retail

2,319 SF
Availability

1 Space

2,319 SF
Year Built

1972
For Lease

$18.00/SF/YR
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326 Albemarle Avenue Southeast

326 Albemarle Avenue Southeast, Roanoke, VA
Property

Office

2,696 SF
For Sale

$265,000
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Clearbrook Office Building

5304 Indian Grave Rd, Roanoke, VA
Property

Office

8,118 SF
Availability

2 Spaces

5,350 SF
Year Built

1990
For Lease

$14.00 - $16.00/SF/YR
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Modern Downtown Roanoke Workspace

10 Kirk Ave SW, Roanoke, VA
Property

Office

11,245 SF
Availability

2 Spaces

16,396 SF
Year Built

1925
For Lease

$12.50/SF/YR
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Former Wal-Mart Neighborhood Market

3419 Orange Avenue , Roanoke, VA
Property

Retail

41,117 SF
Availability

1 Space

41,117 SF
Year Built

2014
For Lease

$9.50/SF/YR
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3247 Electric Rd

3247 Electric Rd, Cave Spring, Roanoke, VA
Property

Office

6,600 SF
Year Built

1988
For Sale

$775,000
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25 Franklin Road

25 Franklin Road, Roanoke, VA
Property

Office

3,141 SF
Availability

1 Space

3,141 SF
Year Built

1965
For Lease

$2,617.50/MO
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13th St SE

13th St SE, Roanoke, VA
Property

VacantLand
For Sale

$1,750,000
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Fendley Center at Lakeside

215 Electric Road, Cave Spring, Salem, VA
Property

Retail

20,000 SF
Availability

1 Space

1,650 SF
For Lease

$15.00/SF/YR
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3243 Electric Road

3243 Electric Road, Cave Spring, VA
Property

Office

5,739 SF
Availability

2 Spaces

3,157 SF
Year Built

1989
For Lease

$15.00/SF/YR
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Hershberger Plaza

2840 Hershberger Rd NW, Roanoke, VA
Property

Office

9,773 SF
Availability

4 Spaces

9,434 SF
Year Built

1984
For Lease

$12.00/SF/YR
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Valley Business Center

6700 Thirlane Rd, Roanoke, VA
Property

Office

12,600 SF
Availability

2 Spaces

5,776 SF
For Lease

$14.00/SF/YR
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315 Market Street - Suite 201

315 Market St SE, Roanoke, VA
Property

Office
Availability

1 Space

1,600 SF
Year Built

1915
For Lease

$14.00/SF/YR
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Cave Spring Corner Shopping Center

5207 Bernard Drive , Cave Spring, Roanoke, VA
Property

Retail

10,464 SF
Availability

1 Space

2,043 SF
Year Built

1986
For Lease

$20.00/SF/YR
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Blue Ridge Commerce Park

2797 Frontage Road NW, Roanoke, VA
Property

Industrial

146,852 SF
Availability

1 Space

146,852 SF
Year Built

2000
For Lease Contact for pricing
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Open and Adaptable Downtown Roanoke Office

116 N Jefferson St, Roanoke, VA
Property

Office

48,000 SF
Availability

1 Space

48,000 SF
For Lease

$13.50/SF/YR
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2131 Valley View Blvd Nw

2131 Valley View Blvd Nw, Roanoke, VA
Property

Office

11,346 SF
Year Built

1988
For Sale

$2,400,000
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Ivy Market

2203 Franklin Rd SW, Roanoke, VA
Property

Retail

31,073 SF
Availability

1 Space

3,449 SF
For Lease Contact for pricing
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Roanoke-Salem Plaza

4142 Melrose Ave NW, Roanoke, VA
Property

Retail

162,903 SF
Year Built

1957
For Sale

$6,300,000
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3212 Brambleton Ave.

3212 Brambleton Ave., Cave Spring, Roanoke, VA
Property

Retail

7,260 SF
Availability

2 Spaces

5,000 SF
For Lease

$12.00/SF/YR
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Century Business Center

1334 Plantation Rd, Roanoke, VA
Property

Office

52,591 SF
Availability

2 Spaces

8,444 SF
Year Built

1985
For Lease

$13.50/SF/YR
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Tower Corporate Center

2302 Colonial Avenue, Roanoke, VA
Property

Office

8,400 SF
Availability

2 Spaces

766 SF
Year Built

1977
For Lease

$15.00/SF/YR
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Summers Way Professional Business Center

192 Summerfield Court, Roanoke, VA
Property

Office

12,000 SF
For Sale

$1,750,000
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1512 Plantation Road

1512 Plantation Road, Roanoke, VA
Property

Industrial

13,524 SF
Availability

1 Space

13,000 SF
For Lease

$6,000.00/MO
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2105 Apperson Dr

2105 Apperson Dr, Salem, VA
Property

Retail

8,076 SF
Availability

3 Spaces

4,600 SF
Year Built

1966
For Lease

$12.00/SF/YR
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First Campbell Square

34 Campbell Ave SW, Roanoke, VA
Property

Office

91,500 SF
Availability

6 Spaces

33,680 SF
Year Built

1956
For Lease

$14.00/SF/YR
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2802 Brandon Ave SW

2802 Brandon Ave SW, Roanoke, VA
Property

Other

4,696 SF
Year Built

2004
For Sale

$1,250,000
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Edgewood St

Edgewood St, Roanoke, VA
Property

VacantLand
For Sale

$195,000
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Second Floor Walk Up Downtown Office

11 Franklin Road Southwest, Roanoke, VA
Property

Office

3,721 SF
Availability

1 Space

2,600 SF
For Lease

$10.00/SF/YR
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Class A Office + Warehouse

442 Rutherford Ave NE, Roanoke, VA
Property

Office

30,635 SF
Availability

1 Space

30,635 SF
Year Built

1981
For Lease

$13.50/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Roanoke commercial real estate market incorporates 1,510,004 square feet of office space across 42 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Roanoke commercial real estate market includes 2,023,008 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Roanoke market, there is a total of 337,389 square feet of industrial property.

The listing inventory in Roanoke incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Roanoke is represented by Office space, which accounts for 631,193 square feet of available listings. Retail space available in Roanoke adds up to 411,233 square feet.

Meanwhile, most of the listings of commercial property for sale in Roanoke are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Roanoke is $13.45 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Roanoke can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Roanoke, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $18 per square foot. In particular, the property type commanding the highest lease rates in Roanoke was Retail space.

The average size of a commercial property in Roanoke depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Roanoke, the average size of an office property is 39,737 square feet.
Retail properties here incorporate an average of 84,292 square feet.
Industrial space in Roanoke is in buildings that are, on average 56,232 square feet in size.

Roanoke, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Roanoke currently add up to 1,293,309 square feet. The market offers 32 active office listing(s), which amount to 625,024 square feet and account for 53% of commercial spaces on the market. Local retail availability includes 411,233 square feet across 22 retail space(s). Industrial space for rent opportunities in Roanoke amount to 226,124 square feet across a total of 5 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	32	625,024
Retail	22	411,233
Industrial	5	226,124
Other	1	30,928

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Roanoke, VA. Currently, there is 345,845 square feet of commercial property for sale here , which includes 10 office building(s) for sale , 3 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	10	138,370
Retail	3	166,904
Industrial	2	13,000
Other	10	27,571

Roanoke, VA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Roanoke, VA?

What factors affect the price of commercial real estate in Roanoke, VA?

What is the average rent for commercial space in Roanoke, VA?

What are the best areas for commercial real estate in Roanoke, VA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Roanoke, VA?

Roanoke, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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