Roanoke, VA Strip malls for Rent & Lease

Updated: Mar 26

Retail Strip Center For Lease

631 Peters Creek Rd NW, Roanoke, VA 24017

$12 SF/Yr

Long‑term, strong tenants in place.
High‑traffic location at the intersection of Shenandoah Avenue and Peters Creek Road.
Food Lion anchors the adjacent parcel.
Plentiful parking available.
Good signage along Peters Creek Road.

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Updated: Nov 24, 2025

Retail Space in High-Traffic Area

631-635 Peters Creek Rd NW, Roanoke, VA

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1,750 sqft 1.61 AC lot

High visibility location.
33,000 vehicles per day pass through the intersection.
Centrally located to Salem and Roanoke.
Strong residential neighborhood base.

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Retail Space in Roanoke

4208-4210 Franklin Rd, Roanoke, VA

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3,685 sqft 15.57 AC lot

Retail space with high visibility and strong national retailers.

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 3 Active listings in Roanoke, VA, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 2 Properties for Sales.

Strip malls for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Strip Mall Space with High Ceilings

221 Electric Road, Salem, VA 24153

$16 SF/Yr

1,650 sqft

Retail units offer private restrooms, parking, and signage opportunities.

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Retail Space in Salem Center

1477-1486 W Main St, Salem, VA

Contact for pricing

3,791 sqft 13.25 AC lot

Retail space available in grocer-anchored shopping center.

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Retail Space in Food Lion Center

2411 W Beverley St, Staunton, VA

Contact for pricing

8,922 sqft 3.92 AC lot

Sublease opportunity in a well-located, high-traffic shopping center.

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Retail Space in Staunton Center

2411 West Beverly St, Staunton, VA 24401

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Sublease opportunity in Food Lion anchored shopping center.

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Similar Spaces for Sale in Roanoke, VA

Consider Similar Space for Sale. We found 2 Spaces matching your search parameters.

Zoned C2S Strip Mall

3100 Peters Creek Rd, Roanoke, VA 24019

$1,650,000

1.56 AC lot

Multi-building strip mall zoned C2S with public water and sewer and heat pump HVAC systems.

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Shopping Center with 17 Units

3100 Peters Creek Rd, Roanoke, VA 24019

$1,650,000

Zoned C2S shopping center offering 17 commercial units with retail visibility on Peters Creek Rd.

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Roanoke, VA Strip malls Lease Rates & Market Statistics

Browse 3 Strip malls for lease in Roanoke, VA on Realmo, a commercial real estate marketplace serving the Roanoke area. The current inventory totals 5,435 square feet of properties.

Strip malls lease rates in Roanoke range from $12 SF/Yr at the entry level to $12 SF/Yr at the top of the market, averaging $12 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $12 SF/Yr is 10% below the Virginia state average of $13.33 SF/Yr.

Strip malls are one of the more limited space types in Roanoke, with just 3 listings currently available — a scarcity worth factoring into lease negotiations. Tenants comparing options may also consider Shopping centers (11 listings) and Storefront properties (7 listings) elsewhere in the Roanoke market.