Property summary
This exceptional retail storefront opportunity is located within the Valley View Mall in Roanoke, Virginia (zip code 24012). The space, totaling 48,270 square feet, is situated on the second level of this 836,445 square foot regional mall, anchored by major retailers including Macy's, JC Penney, Belk, and Barnes & Noble. The property boasts a highly desirable CLS zoning designation. Access is exceptional, featuring multiple entry points: direct mall interior access, exclusive exterior storefront access from the parking field via elevator and escalator vestibule, freight elevator and stairs leading to a loading dock, and additional emergency exits strategically located throughout. The space includes one full-size truck bay at dock level and a trash compactor for efficient waste management. The high ceilings, measuring 16 feet clear, provide ample space and flexibility. Parking is conveniently provided via a shared condo interest. This expansive storefront presents a unique opportunity for a large-scale retailer seeking a prominent location within a thriving regional shopping center. The property's size, accessibility, and location within a well-established mall make it an ideal investment for a variety of retail uses.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Restaurant
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Restaurant
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Take-out & Catering Catering Service
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Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
gross floor area. These are permitted by right in CG, CLS, D, IN, ROS, and UF districts. Regional housing services continue to be very restricted, permitted only in the INPUD district with a special exception. 6. Ensure…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CLS · Roanoke, VAgross floor area. These are permitted by right in CG, CLS, D, IN, ROS, and UF districts. Regional housing services continue to be very restricted, permitted only in the INPUD district with a special exception. 6. Ensure…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
gross floor area. These are permitted by right in CG, CLS, D, IN, ROS, and UF districts. Regional housing services continue to be very restricted, permitted only in the INPUD district with a special exception. 6. Ensure…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CLS in Roanoke, VA.
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