Roanoke-Salem Plaza

For Sale

4142 Melrose Ave NW, Roanoke, VA 24017

This Roanoke property for sale is located at 4142 Melrose Ave NW. The current listed sale price for Roanoke-Salem Plaza is $6,900,000. Roanoke-Salem Plaza is situated on a lot that is 1,098,305 acre in size.

Contacts

broker

Zachary May

Poe & Cronk Real Estate Group

(540) 855-3643

Property Details

  • 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.

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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

Getting around

  • 47/100

    Walk Score ®

  • 25/100

    Transit Score ®

  • 39/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Zachary May

Poe & Cronk Real Estate Group

(540) 855-3643