For Sale $6,900,000
Property Type Retail
Property Size 162,903 SF
Units 32
Lot Size 1,098,305 Acre
Year Built 1957
Date Updated Apr 4, 2024

19 acre corner lot located at the highly visible, largely traveled intersection of Peters Creek Road and Melrose Avenue with close proximity to Roanoke, Salem and I-81Centrally located in Roanoke, VA at 4142 Melrose Avenue is Roanoke-Salem Plaza. Located minutes from Roanoke-Blacksburg Regional Airport and Interstate I-81. This property is situated on a total of ±19 acres and compromised of 162,000+ total square footage, including the main building and three out-parcels with a potential for future redevelopment opportunities. Currently it offers a reliable and attractive source of revenue bringing in a monthly gross income of $68,000. Call Zack May (540) 855-3643 or Bryan Musselwhite, CCIM (540) 855-3654 today for more information or to schedule a property tour.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

High Visibility Corner Lot
Multiple Sought-After Outparcel Buildings Included
Centralized Location to Salem, Roanoke and I-81
Current Zoning Allows a Vast Array of Uses
Positive Income Production with Great Redevelopment Potential

Contacts

Zachary May

Poe & Cronk Real Estate Group

(540) 855-3643

Location

Getting Around

Walk Score ®
47/100 Car-Dependent
Transit Score ®
25/100 Some Transit
Bike Score ®
39/100 Somewhat Bikeable

Map
Street

City Roanoke, VA
Zip Code 24017

Points of Interest

Roanoke

3.95 miles

Pure Oil

0.78 miles
Kroger

1.16 miles
Sheetz

1.36 miles
Exxon

1.72 miles
Liberty

1.77 miles
Speedway

1.95 miles
Kroger Fuel

2.05 miles
Walmart Fuel Center

2.60 miles
BP

2.70 miles
Exxon

2.75 miles

Hanging Garden Trail Parking South

1.46 miles
Countryside Park Parking

1.61 miles
Parking Lot M

1.68 miles
Parking Lot L

1.69 miles
Parking Lot Y

1.71 miles
Parking Lot W

1.72 miles
Parking Lot X

1.72 miles
Parking Lot EE

1.73 miles
Parking Lot KK

1.73 miles
Parking Lot N

1.73 miles

Parkers Seafood Restaurant

0.31 miles
Popeyes

0.33 miles
McDonald's

1.13 miles
Hardee's

1.17 miles
IHOP

1.17 miles
Subway

1.21 miles
Hibachi Express

1.21 miles
Hardee's

1.30 miles
Hardee's

1.58 miles
Screaming Vegan

1.62 miles

Food Lion

1.24 miles
Burlington

1.61 miles
Big Lots

1.65 miles
Macy's

2.37 miles
Valley View Mall

2.44 miles
Walmart Supercenter

2.55 miles
Target

2.69 miles
Roanoke Natural Foods Co-op

2.71 miles
Kroger

2.71 miles
Marshalls

2.85 miles

Frequently Asked Questions

What is the lease rate for Roanoke-Salem Plaza?

Rental asking rate at Roanoke-Salem Plaza is $3,450,000.00/YR.

What is the total square footage of Roanoke-Salem Plaza?

Roanoke-Salem Plaza totals 162,903 square feet.

When was this property built?

Roanoke-Salem Plaza was built in 1957.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.