Contacts

Zachary May

Poe & Cronk Real Estate Group

Property Details

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 Dec 2, 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 ®

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

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.