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Retail Space on Melrose Avenue
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4160 Melrose Avenue Northwest, Roanoke, VA 24017

8,316 SF retail space with excellent visibility in Roanoke.

Property Size8,316 SF
Lot Size0.84 Acres
Price / SF$0.00
Days on Market151

Property Features for 4160 Melrose Avenue Northwest

General Information

Standard status Active
Size 8,316 SF
Lot size 0.84 Acres
Property subtype Retail
Listing Agency:
Listed By: Pam Strieffler
Source: Cbre
Added: Mar 25 Changed: Aug 14 Last Checked: Aug 21 at 9:07AM

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 Pam Strieffler

Investment Insights

Based on property information with market context.

This 8,316 square foot retail space is available for lease on 0.84 acres of land. The property, a former Family Dollar prototype with dimensions of 120 feet by 70 feet, benefits from its location along a busy retail thoroughfare in Roanoke, Virginia. It features 180 feet of frontage along Melrose Avenue NW and full access, including full movement via a lighted intersection through the Roanoke – Salem Business Center parking lot. The property is situated just west of the intersection of Melrose Avenue NW and Peters Creek Boulevard, near the Roanoke Country Club and Hershberger Avenue, which connects to Interstate 581 and Valley View Mall. Zoned Commercial General (CG), the site includes utilities and 31 parking spaces.

Key Highlights

  • Excellent visibility on a busy retail street.
  • 8,316 SF space on 0.84 acres.
  • Prime location near Melrose Ave NW and Peters Creek Blvd.

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Pharmacy Building Supply

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

365
Businesses Nearby
Under-served
Demand for This Use

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
Rey
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Similar Off Market Nearby

  • A Ray of Sunshine 1314 peters creek rd, roanoke, va 24017

Frequently Asked Questions

What type of property is this?
Storefront property - 8,316 SF retail space with excellent visibility in Roanoke.
Where is this storefront property located?
The property is located at 4160 Melrose Avenue Northwest Roanoke, VA.
What are key features of this property?
This property features: Excellent visibility on a busy retail street.; 8,316 SF space on 0.84 acres.; Prime location near Melrose Ave NW and Peters Creek Blvd.
More about this property
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