4136-4202 Melrose Ave, Roanoke, VA 24017

Listing Agency: Colliers - Columbus, Ohio

Listed By: Grant Chaney · License OH #2013002810 Show Phone

Source: Crexi

Added: Oct 27 Changed: Nov 8 Last Checked: Nov 8 at 4:51PM

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Investment Insights

Based on property information with market context.

This retail shopping center contains 162,903 square feet. It is located at 4136-4202 Melrose Ave in Roanoke, Virginia. The property is offered for sale with a 9.00% cap rate.

Key Highlights

• 162,903 SqFt of retail space
• 9.00% cap rate
• 4136‑4202 Melrose Ave, Roanoke, VA 24017

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Dental Office Building Supply Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

355

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - The property occupies a Melrose Avenue address in Roanoke, Virginia.

Where is this shopping center located?

The property is located at 4136-4202 Melrose Ave Roanoke, VA.

What is the asking price?

The asking price for this property is $5,585,000.

What are key features of this property?

This property features: 162,903 SqFt of retail space; 9.00% cap rate; 4136‑4202 Melrose Ave, Roanoke, VA 24017