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4142 Melrose Ave NW
Roanoke, VA 24017
Roanoke Salem Business Center · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
162,903 SF
Building Class
C
Year Built
1957
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
18.97 AC
Zoning
IPUD/CG - Industrial Planned Unit Development Conditional
Parking
200 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
512’ on Melrose Ave

AMENITIES

  • Bus Line
  • Corner Lot
  • Signage

ABOUT 4142 MELROSE AVE NW , ROANOKE, VA 24017

This Power Center is currently 90% occupied and fronts on both major thoroughfares Melrose and Peters Creek Road with over 40,000 vehicles per day passing by. Major tenants include Harbor Freight Tools, Wells Fargo, Aarons Rental, Carpet Factory Outlet, Salve-A-Lot Foods and Outdoor Power Equipment. Units range in size from 675 SF to 36,000 SF. There are 3 possible out-parcels for further development. All spaces are ground level except for 19,400 +/- SF of second floor space that is currently vacant. Recent improvements include lighting, courtyard improvements and paving. Flexible zoning allows for a diverse tenant mix. Building includes retail, office and warehouse. This is an extremely attractive investment with upside potential from outparcel development and increased rents. Owner/Agent. For more details please contact David McCray with MKB at 540.563.9903.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
276-1701
Land Assessment
$2,038,000
Improvements Assessment
$3,862,500
Total Assessment
$5,900,500
  • Listing ID: 15942075

  • Date on Market: 5/3/2019

  • Last Updated:

  • Address: 4142 Melrose Ave NW, Roanoke, VA 24017

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