$6,600,000 USD
404-207-1171
4142 Melrose Ave NW
Roanoke, VA 24017
South Washington Heights
HIGHLIGHTS
- This Corner Lot Boasts an Impressive Traffic Volume
- Surrounded By Major National Tenants Like Harbor Freight, Carpet Factory, Aaron's, and Wells Fargo, Your Business Will Thrive Among Established Brands
- Just a Quick 10-Minute Drive From the Roanoke-Blacksburg Regional Airport
- SQ FT: 162,453 Built: 1957 Lot: 18.97 Acres Occupancy: 93% Vacant Unit: 3 / 16,594 SQ FT Parking Space: 200
- Population of 56,972 Making an Average Household Income of $67,761 Within a 3-Mile Radius
OVERVIEW
Centrally 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.
In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275
FOR SALE DETAILS
PRICE
$6,600,000 USD
PRICE/SF
$41 USD /SF
CAP RATE
8.09%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Roanoke Salem Business Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1957
SPRINKLERS
-
PARKING SPACES
200
LAND DETAILS
LAND ACRES
18.97 AC
LAND SF
826,333 SF
ZONING
IPUD/CG
APN/PARCEL ID
276-1701
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404-207-1171
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404-207-1171
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