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Deborah F. Beran Inc

Smith Mountain Lake Real Estate for Sale

540-721-1488 | 540-529-4229 Cell
Deborah F. Beran Inc., Broker/Owner
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1011 2nd ST SW, Roanoke, VA 24016 (MLS# 924560)

1011 2nd ST SW, Roanoke, VA 24016

$375,000
1011 2nd St SW 1011 Second St _outdoor-2 1011 Second St _outdoor-3 1011 Second St _outdoor-4 Apartments_1011-1 Apartments_1011-2 Apartments_1011-3 Apartments_1011-4 Apartments_1011-5 Apartments_1011-6 Apartments_1011-7 Apartments_1011-8 Apartments_1011-9 Commercial-1 Commercial-2 Parking Lot
Property Type: Commercial Baths: 4 Status: Closed
Current Price: $375,000 List Date: 2/10/2026 Last Modified: 9/30/2026

Overview

Description

Beautiful and stately building for sale with commercial office space on the ground floor and two one-bedroom apartments on the second floor. The building is conveniently located in Old Southwest between Highland and Albemarle. Recent upgrades to the HVAC system, apartments, and property make this a fantastic investment opportunity or owner-user property. First floor has a reception area, 4 offices, conference room, break room/kitchenette, and server room with generator backup. Ideally suited for law offices, financial planning and services, or other professional office use. The property is surrounded by other professional offices for wealth advisory, law firms, and a new cafe less than a block away. Apartments are fully leased.

Listing Details MLS# 924560

Location, Tax & Legal

Area
0130 - City of Roanoke - SW
Street Number
1011
Street Name
2nd
Street Suffix
ST
Street Direction Sfx
SW
State/Province
VA
Zip Code
24016
Municipality
City of Roanoke
Major Area
01 - City of Roanoke
Tax ID
1022209
Annual Taxes
3940

General Property Description

Construction Status
Completed
Year Built
1939
Lot Dimensions
50x156
Flood Area
No
On site Parking
Yes
Parking Spaces
7
Gross Building SqFt
3294
Office SqFt
1818
Lease Available
Yes
Leaseable SqFt
1818
Basement Y/N
Yes
Total Bths
4
Water Class
N/A

Status Change Info

Ratified Contract Dt
2026-08-03
Sold Date
2026-09-29

Remarks & Misc

Public Remarks
Beautiful and stately building for sale with commercial office space on the ground floor and two one-bedroom apartments on the second floor. The building is conveniently located in Old Southwest between Highland and Albemarle. Recent upgrades to the HVAC system, apartments, and property make this a fantastic investment opportunity or owner-user property. First floor has a reception area, 4 offices, conference room, break room/kitchenette, and server room with generator backup. Ideally suited for law offices, financial planning and services, or other professional office use. The property is surrounded by other professional offices for wealth advisory, law firms, and a new cafe less than a block away. Apartments are fully leased.
Directions
581 to West on Elm Avenue. L on 2nd street. Property is 5 blocks up on the right.

Limited Service

Not Limited Service
Yes

More Information

Construction

Brick
Yes

Commercial Type

Investment
Yes
Office
Yes

Business Type

Other
Yes

Sale Includes

Building & Land
Yes

Income & Expenses

Gross Income
26400

Water Description

Public
Yes

Sewer Description

Public Sewer
Yes

Manufactured Homes

No HUD Tag
Yes

Water Heater Type

Tank
Yes

Roof System

Shingle
Yes

Levels

Two
Yes

Property Features

Limited Service: Not Limited Service Commercial Type: Investment; Office Business Type: Other Sale Includes: Building & Land Construction: Brick Roof System: Shingle Levels: Two Manufactured Homes: No HUD Tag Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank
Listing Office: EDWIN C HALL ASSOCIATES INC
Last Updated: September - 30 - 2026
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.

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Your Smith Mountain Lake Properties Professional:

Deborah F. Beran Inc.
dba Deb Beran Properties
6655 Scruggs Road
Moneta, VA 24121
540-721-1488 Office
540-529-4229 Cell

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  • Licensed in the Commonwealth of Virginia
  • Member of the National Association of Realtors
  • Member of the Roanoke Valley Association of REALTORS®
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