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5105 Melrose Ave NW 2,496 SF Vacant Retail Building Roanoke, VA 24017 $325,000 ($130.21/SF)
INVESTMENT HIGHLIGHTS
- High traffic count
- 2,520 SF
- Retail space with a 2-bedroom apartment above.
EXECUTIVE SUMMARY
Why rent when you can own? Great retail space with a 2-bedroom apartment above. Previously used as a barber shop. Originally used as a restaurant. Located on the west side of Melrose, close to the city of Salem. High traffic count. Possible uses include a restaurant, tobacco shop, general office, or retail sales. Permitted under CN (Commercial-Neighborhood) zoning.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,496 SF
Building Class
C
Year Built
1993
Price
$325,000
Price Per SF
$130.21
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.13
Lot Size
0.45 AC
Zoning
CN - Permitted under CN (Commercial-Neighborhood) zoning.
Parking
10 Spaces (4.01 Spaces per 1,000 SF Leased)
Frontage
91’ on Melrose Ave
AMENITIES
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6110143 | Improvements Assessment | $120,600 |
| Land Assessment | $75,700 | Total Assessment | $196,300 |
PROPERTY TAXES
Parcel Number
6110143
Land Assessment
$75,700
Improvements Assessment
$120,600
Total Assessment
$196,300
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5105 Melrose Ave NW
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