But for the first time in a while there are new condos on the market in downtown Roanoke.
Mike Levan, president of Virginia Building Services of Roanoke, has spent the past few years transforming a 102-year-old building into four condos and a retail space on the first floor.
Levan bought the building at 123 Kirk Avenue, next to Sheila’s Cafe, in 2009. He said the brick, three-story building was an addition to the old Raleigh hotel, which was on Campbell Avenue where Studios on the Square is now located.
The building has one two-bedroom unit on the third floor and three one-bedrooms on the second and first floors.
Levan finished the condos with hardwood floors, granite counter tops, stainless steel appliances, tiled bathrooms and showers, and thick, white crown molding and baseboards. The finishes differentiate the condos from many of the new apartments I’ve seen downtown, which have taken on a more industrial, historic feel with exposed brick walls and exposed piping and ventilation.
The two-bedroom condo will sell for $450,000, Levan said. It is 1,600 square feet.
The one-bedroom condos, which range from about 700 to 785 square feet, will sell for about $250,000.
Levan acknowledged that the condos and their price tags will appeal to a small market.
“That’s a lot of money,” he said. “They are not for everybody.” But, he added, “They are one of a kind.”
He would not say how much he spent renovating the building, but did say that he financed the project himself.
All but a one-bedroom condo and the retail space are finished. The 500-square-foot retail space has not been leased.
Here are some before and after pictures, courtesy of Levan.