May 30, 2012 
Downtown Living Poll

 

Greetings!

We're interested in your opinion. According to Downtown Roanoke Inc. (www.downtownroanoke.org) there are now 488 apartment units and 105 residential condominiums in downtown Roanoke. The grapevine is curious whether you think the trend towards Downtown living will continue.

Please take the time to take our online poll. Click below to tell us:

How many more residential units can Downtown Roanoke absorb?

 

109 Norfolk Avenue
FOR LEASE - Newly remodeled in 2006, this office blends important architectural elements; historic exposed brick wall, open joist ceiling systems, immense oak columns and beams, into a polished modern corporate office space. There is a combination of large open spaces, conference rooms and private offices.

 

The property if locate din Downtown Roanoke close to the Hotel Roanoke, Wells Fargo Tower, and Roanoke City Market. Parking is available close to the building in privately owned lots.  

 

Call Richard or Bryan for more information. 

 

By the numbers

How much is my building worth?
                                               
All commercial real estate can be divided into two categories: user property (property that will be occupied by the future owner) and investor property (property that the next owner will buy for the promise of future income).

Different approaches are used to value each property type, and each property type usually appeals to different markets. So, making that distinction is the first step to effectively pricing your property for sale.

Many owner/occupants are in the unique (and sometimes confusing) position of being able to market their property as either type. The guidance of a qualified and experienced real estate professional can help those owners determine which market will bring the highest price for their properties.

If you are wondering what your property is worth in today's market, give Bryan or me a call. We'll be happy to share our opinion with you.

Issue: 2 
In This Issue
Featured Property
By the Numbers
What did it sell for?



111 Franklin Road SE
Roanoke, VA

This month the office building at the corner of Franklin and Williamson roads was sold as part of a foreclosure settlement. The real estate consisted of 154,779 sq. ft. on 6 floors was built in 1985.
That's $74.94/s.f.
 
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Richard Wellford, CCIM
(540) 855-3648
 Email
VCard


Bryan Musselwhite
(540) 855-3654
Email
VCard
Richard Wellford and Bryan Musslewhite
Commercial Real Estate Grapevine