Description: Roanoke Salem Business Center - $7,250,000
Address: 4142 Melrose Avenue, Roanoke, VA 24017
Price: $7250000
Type: Retail 
Size: 248,295
Date Sold: not available
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Situated on 29.9 acres at the intersection of Peters Creek Road and Melrose, this 248,295 square foot property currently has 25 tenants including Wells Fargo, Harbor Freight Tools, Aarons Rental, Save A Lot Foods, Carpet Factory Outlet and Outdoor Power Equipment. Unit sizes range from 675 SF up to 36,000 SF. There are 3 possible outparcels and vacant land for further development. All spaces are ground floor except for a vacant 19,400 square feet of second level space that was most recently used for a busines school. New roof in 2015. 

Gross Income is $979,786. Expenses are $215,623 with a Net Operating Income of $764,163. Owner is a licensed real estate agent.

Located at the intersection of Peters Creek Road and Melrose. This is one of Roanoke's busiest intersections. Peters Creek Road is a major north/south corridor and Melrose is a major east/west corridor.

For more information please contact David McCray at 540.292.2159

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