One City Plaza

Address

312 2nd St. SW
Roanoke, VA 24011
(540) 342-0881

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Details

Beautifully renovated using historic tax credits. First floor and lower level built out as full service restaurant and bar/lounge; second floor is high-ceiling, elegant event space; third floor is open concept office. Seven large apartments with strong occupancy and strong rents on fourth and fifth floors.

PROPERTY FACTS
Price    $2,785,000    Building Class    B
Price Per Unit    $397,857    Lot Size    0.13 AC
Sale Type    Investment or Owner User    Building Size    28,000 SF
Sale Conditions    Lease Option    Average Occupancy    86%
No. Units    7    No. Stories    5
Property Type    Multifamily    Year Built/Renovated    1919/2009
Property Subtype    Apartment    Parking Ratio    0.14/1,000 SF
Apartment Style    Mid Rise    Opportunity Zone    Yes