4142 Melrose Ave NW - Freestanding FOR SALE


Roanoke, VA 24017
$6,300,000 USD
540-982-2444
4142 Melrose Ave NW, Roanoke, VA for Sale
$6,300,000 USD
Freestanding - FOR SALE
1/5
null | 8.46% Cap Rate

4142 Melrose Ave NW
Roanoke, VA 24017


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

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. 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.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$39 USD /SF

CAP RATE

8.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Roanoke Salem Business Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Distribution, Medical

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

2761701

ASK ABOUT THIS PROPERTY

Zachary MayPoe & Cronk Real Estate GroupMore Info
540-982-2444

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Zachary MayPoe & Cronk Real Estate GroupMore Info
540-982-2444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.