4142 Melrose Ave Roanoke, VA 24017
High-yield shopping center, prime location.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 162,903 SF Class C shopping center in Roanoke, VA, with a 92% occupancy rate and $525,755 NOI.
- Asking price: $6,300,000 ($38.67/SF), 8.35% cap rate.
- Four one-story buildings on a 19-acre lot (APN 2761701), zoned IPUD/CG.
- High-visibility corner lot with multiple outparcels; strong tenant mix including Wells Fargo, Aaron's, Harbor Freight.
- Excellent location near I-81 and Roanoke-Blacksburg Regional Airport; NNN leases minimize management.
Property Details for 4142 Melrose Ave
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 162,903 SF
- Class
- C
- Year Built
- 1957
- Buildings
- 4
- Stories
- 1
- Lot Size (sq. ft)
- 827,640 SF
Location Insight
- City
- Roanoke
- County
- Roanoke
- State
- Virginia
- Latitude
- 37.295993085096
- Longitude
- -80.006848837735
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - High-yield shopping center, prime location.
- Where is the lifestyle center located?
- The property is located at 4142 Melrose Ave Roanoke, VA.
- What is the asking price?
- The asking price for this property is $6,300,000.
- What are key features of this property?
- This property features: 162,903 SF Class C shopping center in Roanoke, VA, with a 92% occupancy rate and $525,755 NOI.; Asking price: $6,300,000 ($38.67/SF), 8.35% cap rate.; Four one-story buildings on a 19-acre lot (APN 2761701), zoned IPUD/CG.
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