Corner Retail Mixed-Use
For Sale
Contact for pricing
Pending
1731 Melrose Ave NW, Roanoke, VA 24017
Corner lot retail property with multiple existing businesses, separate electric, and off-street parking.
Property SizeContact for details
Days on Market135
Property Features for 1731 Melrose Ave NW
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Tenancy
Multi
Listing Agency:
Wainwright & Co. - Realtors
(540) 309-3998
Listed By:
KJ Mehmood · License #VA 0225178333
Source:
Crexi
Added: Apr 11
Changed: Aug 14
Last Checked: Aug 22 at 7:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wainwright & Co. - Realtors
Investment Insights
Based on property information with market context.
This property is a corner-lot retail mixed-use building currently operating with a grocery, clothing, and video games, along with additional businesses including a convenient store and a restaurant (currently leased). A laundromat is also in place with Whirlpool washers and dryers. The building has separate electric and offers off-street parking for customer access.
The offering is located at 1731 Melrose Ave NW in Roanoke, VA, and includes three separate business operations as described in the current presentation. Inventory is noted as sold separately.
For buyers and tenants, the configuration supports multiple revenue streams under one ownership, with separation of electrical service and dedicated off-street parking.
The offering is located at 1731 Melrose Ave NW in Roanoke, VA, and includes three separate business operations as described in the current presentation. Inventory is noted as sold separately.
For buyers and tenants, the configuration supports multiple revenue streams under one ownership, with separation of electrical service and dedicated off-street parking.
Key Highlights
- Corner lot retail property with multiple existing businesses
- Currently includes a convenient store, restaurant (currently leased), and laundromat
- Laundromat has commercial Whirlpool washers and dryers
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 24017, VA
23,902
Population
11,263
Households
2.1
Avg Household Size
38
Median Age
17%
College-Educated
87%
High-School Grad
9.0 sq mi
ZIP Area
2,656
Density / Sq Mi
$45,954
Median Household Income
$30,345
Median Earnings
$966
Median Rent
$139,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Food Giant — 509 24th St NW, Roanoke, VA 24017
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner lot retail property with multiple existing businesses, separate electric, and off-street parking.
Where is this grocery and convenience store located?
The property is located at 1731 Melrose Ave NW Roanoke, VA.
What are key features of this property?
This property features: Corner lot retail property with multiple existing businesses; Currently includes a convenient store, restaurant (currently leased), and laundromat; Laundromat has commercial Whirlpool washers and dryers
