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    708 5Th ST SW, Roanoke, VA 24016 (MLS# 920679)

    708 5Th ST SW, Roanoke, VA 24016

    $295,000
    Property Type: Commercial Lot Size (sq. ft.): 7,841 Status: Closed
    Current Price: $295,000 List Date: 9/04/2025 Last Modified: 11/24/2025

    Description

    Buy this and rent each office or entire building or use it for your business! Experience this modern, upscale commercial building in the heart of Old Southwest Roanoke Zoned CN/Commercial Neighborhood that offers a rare opportunity for business owners and investors alike. This has 5-6 rooms for use (depending on your setup) not including receptionist area! Fully renovated with attention to both function and style. Inside, you'll find a flexible build-out featuring new walls, lighting, and electrical, along with a welcoming modern reception area and luxury vinyl tile flooring throughout. The space also includes an ADA-compliant restroom, kitchen/utility room, updated plumbing with a laundry hookup, and a programmable thermostat paired with an energy-efficient tankless water heater.

    Supplements: Exterior upgrades add even more value, including a freshly paved parking lot completed in 2021, new gutters, upgraded gas and sewer lines, and window blinds that complement the interior. Designed with flexibility in mind, all framing has been completed with screws - making modifications simple should your needs change. In addition to its move-in ready condition, the property presents a unique investment opportunity. The attached lot offers development potential with zoning that allows for a triplex, homes, or apartment building Zoned CN - expanding the value of this already desirable location. Whether you are a medical professional, wellness practitioner, or investor seeking a versatile property for your business with long-term upside, this building delivers the perfect blend of modern updates and future potential. Make the experience real today!

    More Information MLS# 920679

    General Property Description

    Construction Status: Completed Total Acreage: 0.18 Flood Area: No On site Parking: Yes Basement Y/N: No Parking Spaces: 7 Water Class: N/A Gross Building SqFt: 1200 Lease Available: No Year Built: 1966

    Location, Tax & Legal

    Major Area: 01 - City of Roanoke Legal: HAMMER AND NEEDLE LLC Tax ID: 102-0101 Annual Taxes: 1770.96 Zoning Code: CN Area: 0130 - City of Roanoke - SW Street Number: 708 Street Name: 5Th Street Suffix: ST Street Direction Sfx: SW State/Province: VA Zip Code: 24016 Municipality: City of Roanoke

    Remarks & Misc

    Directions: Off Elm turn onto 5th street, building on right

    Limited Service

    Not Limited Service: 1

    Construction

    Brick: 1

    Commercial Type

    Office: 1 Retail: 1

    Views

    Sunset: 1

    Business Type

    Type of Business (Historical Field): Theraputic

    Sale Includes

    Building: 1 Building & Land: 1

    Heating

    Natural Gas: 1

    Cooling

    Electric: 1

    Water Description

    Public: 1

    Sewer Description

    Public Sewer: 1

    Manufactured Homes

    No HUD Tag: 1

    Water Heater Type

    Tank: 1

    Water Heater Energy

    Electric: 1

    Roof System

    Shingle: 1

    Levels

    One: 1

    Internet Access

    Fiber: 1 Cable: 1

    Floors

    Laminate: 1 Vinyl: 1

    Contract Information

    Current Price: $295,000 Sold Price: $295,000 List Date: 2025-09-04 Status: Closed

    Status Change Info

    Ratified Contract Dt: 2025-09-26 Sold Date: 2025-11-21 Sold Price: $295,000

    Property Features

    Limited Service: Not Limited Service Commercial Type: Office; Retail Sale Includes: Building; Building & Land Construction: Brick Roof System: Shingle Levels: One Heating: Natural Gas Cooling: Electric Floors: Laminate; Vinyl Manufactured Homes: No HUD Tag Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Internet Access: Fiber; Cable Views: Sunset
    Listing Office: WALKER REAL ESTATE SOLUTIONS
    Last Updated: November - 24 - 2025
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