Roanoke-Salem Plaza

4142 Melrose Ave NW, Roanoke, VA 24017

  • For Sale $6,300,000
  • Property Type Retail
  • Property Size 162,903 SF
  • Units 32
  • Lot Size 1,098,305 Acre
  • Additional Rent Contact for pricing
  • Year Built 1957
  • Date Updated Nov 6, 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.

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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

broker

Zachary May

Poe & Cronk Real Estate Group

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent

  • Transit Score ®

    25/100 Some Transit

  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Roanoke, VA
  • Zip Code 24017

Points of Interest

  • Pure Oil

    0.78 miles

  • Kroger

    1.16 miles

  • Sheetz

    1.36 miles

  • Shell

    1.65 miles

  • Exxon

    1.72 miles

  • Liberty

    1.77 miles

  • Mera Mart & Deli

    1.92 miles

  • Speedway

    1.95 miles

  • Kroger Fuel

    2.05 miles

  • Tesla Supercharger

    4.03 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

    1.72 miles

  • Parking Lot W

    1.72 miles

  • Parking Lot X

    1.72 miles

  • Parking Lot EE

    1.73 miles

  • Parking Lot N

    1.73 miles

  • Parking Lot MM

    1.73 miles

  • Parkers Seafood Restaurant

    0.31 miles

  • Popeyes

    0.33 miles

  • Burger King

    1.10 miles

  • McDonald's

    1.13 miles

  • Hardee's

    1.17 miles

  • IHOP

    1.17 miles

  • China Fresh

    1.19 miles

  • Subway

    1.21 miles

  • Hibachi Express

    1.21 miles

  • Tivoli Pizza

    1.22 miles

  • Roanoke Grocery Market

    0.50 miles

  • Food Lion

    1.13 miles

  • More Supermarket

    1.14 miles

  • Kroger

    1.21 miles

  • Burlington

    1.61 miles

  • Big Lots

    1.65 miles

  • Food Giant

    1.88 miles

  • Macy's

    2.37 miles

  • Belk

    2.42 miles

  • Valley View Mall

    2.44 miles

Frequently Asked Questions

How much does Roanoke-Salem Plaza cost?

The space currently listed for sale at Roanoke-Salem Plaza asks for $6,300,000.

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.

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Contact Listing Broker

broker

Zachary May

Poe & Cronk Real Estate Group