Condemned parking garage in Downtown Roanoke sold, according to real estate firm

August 14, 2026 - 02:00

A long-vacant and condemned parking structure in Downtown Roanoke has been sold, according to a commercial real estate firm involved in the transaction. Cushman & Wakefield | Thalimer confirmed the sale of the property, which sits near the Amtrak station, marking a potential turning point for a site that has been an eyesore and a safety concern for years.

The garage, which has been closed to the public due to structural issues, had become a familiar landmark for the wrong reasons. Its deteriorating concrete and blocked entrances drew complaints from nearby residents and business owners alike. The sale price and the identity of the new owner were not immediately disclosed, but the firm indicated that the buyer has plans for the site, though specific redevelopment details have not been made public yet.

Local officials have long pushed for the property to be addressed, as its condition has been a drag on the surrounding area. The location, close to the train station and within walking distance of several hotels and offices, makes it a prime spot for redevelopment. Whether the new owner intends to demolish the structure and build something new, or attempt a costly renovation, remains unclear. For now, the sale signals that a resolution may finally be in sight for a property that has sat in limbo for far too long. More updates are expected as the new owner moves forward with any permitting or site work.